Beazley Insurance v. Ace American Insurance
District Court, S.D. New York
1Opinion of the Court
OPINION
JED S. RAKOFF, UNITED STATES DISTRICT JUDGE.
This dispute concerns which of NASDAQ’S ■ insurers is obligated to provide NASDAQ coverage in connection with an underlying class action that was • filed against NASDAQ in the aftermath of the troubled Facebook IPO in May 2012 (the “Facebook Class Action”). By “bottom-line” order dated October 20, 2015, this Court granted plaintiff’s motion for partial summary judgment as to Count One against defendant ACE American Insurance Company. The Court also granted in part and denied in part defendants’ motions to dismiss. This Opinion explains the…
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