Legal Opinion
Biochemics, Inc. v. Axis Reinsurance Co.
District Court, D. Massachusetts
Decided September 28, 2017No. CIVIL ACTION NO. 13-10691-RWZPublishedCited by 1 opinion
1Opinion of the Court
MEMORANDUM OF DECISION
ZOBEL, S.D.J.
In 2011, the Securities and Exchange Commission (“SEC”) issued a formal order directing an investigation of plaintiffs Bio-Chemics, Inc. (“BioChemics”), and its founder John Masiz. BioChemics made a claim under its directors and officers (“D & 0”) liability insurance policy for defense costs arising out of the SEC investigation and resulting enforcement action. After their D & 0 carrier, AXIS Reinsurance Company (“AXIS”), denied that claim, plaintiffs brought this suit.
I allowed AXIS’s motion for summary judgment, see Docket # 88, at 5-6. Plaintiffs seek…
2Cases cited17 opinions
- Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
- Tolan v. CottonSupreme Court of the United States · 2014
- PMP Associates, Inc. v. Globe Newspaper Co.Massachusetts Supreme Judicial Court · 1975
- prod.liab.rep. (Cch) P 13,686 Mary Hayes, Administrator of the Estate of Robert Hayes, Jr., and Eric Hayes v. Douglas Dynamics, Inc.Court of Appeals for the First Circuit · 1993
- Jupin v. KaskMassachusetts Supreme Judicial Court · 2006
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3Cited by1 opinion
- Egan, Flanagan and Cohen, P.C. v. Twin City Fire Insurance CompanyDistrict Court, D. Massachusetts · 2021