Legal Opinion
American Home Assurance Co. v. Nausch, Hogan & Murray, Inc.
Appellate Division of the Supreme Court of the State of New York
Decided March 23, 2010PublishedCited by 4 opinions
1Opinion of the Court
Orders, Supreme Court, New York County (Richard B. Lowe, III, J.), entered April 1, 2009, that denied defendants’ motions to dismiss the complaint, unanimously affirmed, with costs.
*551Plaintiffs are ceding insurers. Defendants were their insurance brokers on certain contracts of reinsurance. In an arbitration related to this action that plaintiffs’ reinsurer commenced, the arbitrators ordered the rescission of plaintiffs’ contracts of reinsurance. After an 11-day hearing, the arbitrators found that broker Newman had tried to “slip one by” the reinsurer by failing to mention a fundamental change…
2Cases cited12 opinions
- EBC I, Inc. v. Goldman, Sachs & Co.New York Court of Appeals · 2005
- Kronos, Inc. v. AVX Corp.New York Court of Appeals · 1993
- IDT Corp. v. Morgan Stanley Dean Witter & Co.New York Court of Appeals · 2009
- Board of Education v. Sargent, Webster, Crenshaw & FolleyNew York Court of Appeals · 1987
- Urban v. No. 5 Times Square Development, LLCAppellate Division of the Supreme Court of the State of New York · 2009
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3Cited by4 opinions
- In Re G-I Holdings, Inc.United States Bankruptcy Court, D. New Jersey · 2010
- 63rd & 3rd NYC LLC v. Advanced Contr. Solutions, LLCAppellate Division of the Supreme Court of the State of New York · 2024
- Fleisig v. ED&F Man Capital Markets, Inc.District Court, S.D. New York · 2021
- Shau Chung Hu ex rel. Lowbet Realty Corp. v. Lowbet Realty Corp.New York Supreme Court · 2014