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 professionally misconducted himself by passing confidential information to the other side in the dispute.Herbert & Hart consequently lost approximately $12 million.Which of the following statements is TRUE?

A) Munt probably does not have liability insurance that will help to pay for his liabilities.
B) Munt may be investigated by the law society only if he is an articling student.
C) Munt may be sued, but his behaviour cannot be investigated by the law society.
D) Herbert & Hart very likely violated the law society's code of conduct.
E) If Herbert & Hart sue Munt they will likely recover their loss if Munt has sufficient insurance coverage, or personal assets in excess of his insurance coverage sufficient to pay for the loss.