Belco Petroleum Corp. v. AIG Oil Rig, Inc.

On the prior appeal (164 AD2d 583, 599) we took note of the allegation in the complaint that specified defendants " 'have engaged in a pattern and practice of rescinding insurance policies, without regard to the merits of the grounds for rescission, whenever faced with a possibility of a significant claim on a policy’ ”. We dismissed that pleading as conclusory, stating: "We think it incumbent on Belco, at the pleading stage, to disclose the sources of its information and belief and otherwise come forward with whatever evidence it has of the alleged pattern and practice” (supra, at 599…