Herbert & Hart Inc, an Accounting Firm, Was Legally Represented

Herbert & Hart Inc, an accounting firm, was legally represented in a recent dispute by Alan Munt, who is a lawyer. Herbert & Hart have now learned that Munt misbehaved by passing confidential information to the other side in the dispute. Herbert & Hart consequently lost approximately $12 000 000. Which of the following statements is TRUE?

A) Munt probably does not have liability insurance that will help to pay for his liabilities.
B) If Herbert & Hart are unable to recover their loss from Munt, they may be entitled to receive compensation from the law society's assurance fund.
C) Munt may be investigated by the law society only if he is an articling student.
D) Munt may be sued, but his behaviour cannot be investigated by the law society.
E) Herbert & Hart very likely violated the law society's code of conduct.