XL Specialty Insurance Company v. Prestige Fragrances Inc.

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK XL SPECIALTY INSURANCE COMPANY, Plaintiff / Counterclaim-Defendant MEMORANDUM - v - OPINION & ORDER PRESTIGE FRAGRANCES, INC., 18 Civ. 733 (PGG) Defendant / Counterclaim-Plaintiff. PAUL G. GARDEPHE, U.S.D.J.: In this action, Plaintiff and Counterclaim-Defendant XL Specialty Insurance Company seeks a declaration that three successive insurance policies it issued to Defendant and Counterclaimant Prestige Fragrances, Inc. are rescinded and void ab initio and that, as a result, it has no obligation to pay Prestige for losses that Prestige…