Legal Opinion

Horowitz v. American International Group, Inc.

Court of Appeals for the Second Circuit

Decided August 15, 2012No. 10-4408-cvUnpublishedCited by 7 opinions

1Opinion of the Court

Robert and Harlene Horowitz, customers of Bernard L. Madoff Investment Securities, LLC (“BLMIS”) appeal from the district court’s dismissal of their breach of contract claim against AIG, Inc. 1 From about December 1997 to December 2008, the Horowitzes invested a total of $4,327,230.55 with BLMIS; withdrew $4,553,000 from the account; and believed at the end of that period that the balance in their account was more than $8.5 million. In 2008, the Horowitzes purchased a homeowner’s insurance policy from AIG which included a Fraud Safeguard endorsement that provided for up to $30,000 in coverage…

2Cases cited7 opinions

  1. Phillips v. Audio Active Ltd.Court of Appeals for the Second Circuit · 2007
  2. Litwin v. Blackstone Group, L.P.Court of Appeals for the Second Circuit · 2011
  3. United States Fidelity & Guaranty Co. v. AnnunziataNew York Court of Appeals · 1986
  4. International Business Machines Corporation v. Liberty Mutual Insurance CompanyCourt of Appeals for the Second Circuit · 2004
  5. Newmont Mines Limited and Esso Resources Canada Limited v. Hanover Insurance Company & Utica Mutual Insurance CompanyCourt of Appeals for the Second Circuit · 1986

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3Cited by7 opinions

  1. Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In re Madoff)United States Bankruptcy Court, S.D. New York · 2015
  2. Paraco Gas Corp. v. Travelers Casualty & Surety Co. of AmericaDistrict Court, S.D. New York · 2014
  3. N.Y. Univ. v. Factory Mut. Ins. Co.District Court, S.D. Illinois · 2019
  4. Bennett v. FCA US LLC (In re Old Carco LLC)United States Bankruptcy Court, S.D. New York · 2018
  5. Orion HealthCorp, Inc. v. Howard M. Ehrenberg, as liquidating Trustee of the jointly administered bankruptcy estates of Orion HealthCorp., Inc. and Constellation Healthcare Technologies, Inc.District Court, E.D. New York · 2024

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