Legal Opinion
Global Reinsurance Corporation-U.S. Branch v. Equitas Ltd.
Appellate Division of the Supreme Court of the State of New York
Decided January 18, 2011PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
McGuire, J.
The complaint alleges that the Equitas defendants are the hub of a conspiracy that violates New York’s antitrust law (General Business Law § 340 et seq. [the Donnelly Act]). The product market alleged is the market for non-life (property, casualty and related lines of insurance business) retrocessional reinsurance coverage — the coverage provided by retrocessionaires to retrocedents, i.e., the reinsurers that provide coverage to the insurers, or cedents, that provide the coverage to the underlying policyholders — and the market is alleged to include the…
2Cases cited16 opinions
- Leon v. MartinezNew York Court of Appeals · 1994
- Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc.Supreme Court of the United States · 1977
- Atlantic Richfield Co. v. USA Petroleum Co.Supreme Court of the United States · 1990
- National Collegiate Athletic Ass'n v. Board of Regents of the University of OklahomaSupreme Court of the United States · 1984
- Federal Trade Commission v. Indiana Federation of DentistsSupreme Court of the United States · 1986
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3Cited by2 opinions
- Global Reinsurance Corp. v. Equitas LtdNew York Court of Appeals · 2012
- Global Reinsurance Corp. v. Equitas LtdNew York Court of Appeals · 2012