Legal Opinion
BioChemics, Inc. v. AXIS Reinsurance Co.
District Court, D. Massachusetts
Decided August 7, 2013No. Civil Action No. 13-10691-RWZPublishedCited by 6 opinions
1Opinion of the Court
MEMORANDUM OF DECISION
ZOBEL, District Judge.
In December 2012, the Securities and Exchange Commission (“SEC”) filed an enforcement action against plaintiffs BioChernies, Inc. (“BioChemics”) and John Masiz, alleging they had violated the federal securities laws. Plaintiffs have now sued defendant AXIS Reinsurance Company (“AXIS”),1 which issued their directors and officers (“D & 0”) liability insurance. Plaintiffs claim their D & 0 insurance policy obligates AXIS to defend them against the pending enforcement action, and against subpoenas issued by the SEC in January and March 2012. AXIS has…
2Cases cited14 opinions
- Vicor Corp. v. Vigilant InsuranceCourt of Appeals for the First Circuit · 2012
- Sterilite Corp. v. Continental Casualty Co.Massachusetts Appeals Court · 1983
- Boston Symphony Orchestra, Inc. v. Commercial Union InsuranceMassachusetts Supreme Judicial Court · 1989
- Continental Casualty Co. v. Gilbane Building Co.Massachusetts Supreme Judicial Court · 1984
- Velez-Cortes v. Awning Windows, Inc.Court of Appeals for the First Circuit · 2004
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3Cited by6 opinions
- Biochemics, Inc. v. Axis Reinsurance CompanyCourt of Appeals for the First Circuit · 2019
- Pine Bluff School District v. Ace American Insurance CompanyCourt of Appeals for the Eighth Circuit · 2020
- Worthington Federal Bank v. Everest National InsuranceDistrict Court, N.D. Alabama · 2015
- AIG Property Casualty Company v. RosenthalDistrict Court, D. Massachusetts · 2024
- Nagog Real Estate Consulting Corp. v. Nautilus Insurance CompanyDistrict Court, D. Massachusetts · 2020
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