Clear Blue Specialty Insurance Company v. R-Svp II, L.L.C.; Bp Sidecar Investment III, LLC; Bpi Credit 3, LLC; Bpi Credit 4, LLC; And Bpi Credit 5, LLC

SUPERIOR COURT

CLEAR BLUE SPECIALTY INSURANCE COMPANY v. R-SVP II, L.L.C.; BP SIDECAR INVESTMENT III, LLC; BPI CREDIT 3, LLC; BPI CREDIT 4, LLC; AND BPI CREDIT 5, LLC

Docket:

2484CV01898-BLS2

Dates:

May 15, 2025

Present:

Kenneth W. Salinger Justice of the Superior Court

County:

SUFFOLK

Keywords:

DECISION AND ORDER DENYING CLEAR BLUE’S MOTION TO DISMISS THE AMENDED COUNTERCLAIMS

This action concerns the scope of Clear Blue Specialty Insurance Company’s obligations under a complex, multi-level reinsurance structure. Clear Blue is seeking a declaration that it owes nothing under its reinsurance…