Highway Equipment Co. v. Alexander Howden Ltd. (In Re Highway Equipment Co.)

DECISION ON DEFENDANTS’ MOTIONS FOR JUDGMENT

BURTON PERLMAN, Chief Judge.

This adversary proceeding arises in a Chapter 11 case pending in this court. In it, the complaining parties make claim against various insurance brokers involved in the procurement of financial guarantee insurance for plaintiff in connection with an equipment sale. (While there are actually plural plaintiffs in the proceeding, we will hereafter refer to “plaintiff” in the singular because the debtor, Highway Equipment Company, is the only effective party.) The instrument executed in the sale was known as the Master…