Legal Opinion
Mercantile & General Reinsurance Co. v. Spanno Corp.
New York Supreme Court
Decided February 28, 1991PublishedCited by 2 opinions
1Opinion of the Court
OPINION OF THE COURT
Harold Baer, Jr., J.
The Mercantile & General Reinsurance Co., PLC. (M&G) moves pursuant to CPLR 4404 for an order setting aside the *312jury verdict rendered in this case in favor of defendant Spanno Corporation (Spanno) and dismissing the complaint.
This large and complicated case concerns a dispute about reinsurance. Put very briefly, Spanno was in the business of providing equipment valuation. Customers would purchase equipment that Spanno valued and if the equipment could not be sold at the valuation price, Spanno would pay the difference to the customer. This activity…
2Cases cited13 opinions
- Lawrence v. . FoxNew York Court of Appeals · 1859
- Skandia America Reinsurance Corp. v. SchenckDistrict Court, S.D. New York · 1977
- Greenman v. General Reinsurance Corp.Appellate Division of the Supreme Court of the State of New York · 1933
- Insurance of Pennsylvania v. Park & Pollard Co.Appellate Division of the Supreme Court of the State of New York · 1920
- Greenman v. General Reinsurance CorporationNew York Court of Appeals · 1933
8 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Michigan National Bank-Oakland v. American Centennial InsuranceAppellate Division of the Supreme Court of the State of New York · 1994
- Chandler Ex Rel. Estate of Knight v. H.E. Yerkes & Associates, Inc.District Court, S.D. New York · 1992