Pizzini v. American International Specialty Lines Insurance

EXPLANATION AND ORDER

ANITA B. BRODY, District Judge.

This action involves an insurance coverage dispute between an insurer and assignees of an insured arising out of the sale of speculative oil well leases. Plaintiffs Loris Pizzini, Donna Pizzini, Leone Pizzini, Tullía Pizzini, Valerio Pizzini, Mira-chiara Bache, and Thomas Bache (“the Pizzini-Bache plaintiffs”) and plaintiffs Do-die Pettit and Kevin Gray (“the Pettit-Gray plaintiffs”) are two groups of people who purchased oil well leases from Stephen Barry Shellington (“Shellington”), an authorized agent for the Equitable Life Assurance…