Legal Opinion
Beazley Insurance Co. v. ACE American Insurance Co.
Court of Appeals for the Second Circuit
Decided January 22, 2018No. Docket No. 16-2812-cvPublishedCited by 33 opinions
1Opinion of the Court
POOLER, Circuit Judge:
The NASDAQ public stock exchange conducted the initial public offering for Facebook, Inc. NASDAQ encountered a variety of technical difficulties in executing the IPO that resulted in trades not being performed properly. Retail investors sued NASDAQ, and those claims were eventually settled for $26,5 .million.
NASDAQ maintained both errors and omissions (“E & 0”) and directors’ and officers’ (“D & 0”) insurance policies. Appellant Beazley Insurance Company was the second-level E & 0 carrier; appellees ACE American Insurance Company and Illinois National Insurance Company…
2Cases cited19 opinions
- Erica P. John Fund, Inc. v. Halliburton Co.Supreme Court of the United States · 2011
- Parks Real Estate Purchasing Group v. St. Paul Fire And Marine Insurance CompanyCourt of Appeals for the Second Circuit · 2006
- Hugo Boss Fashions, Inc. & Hugo Boss Usa, Inc., Plaintiffs-Appellees-Cross-Appellants v. Federal Insurance Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 2001
- Mount Vernon Fire Insurance v. Creative Housing Ltd.New York Court of Appeals · 1996
- NASDAQ OMX Group, Inc. v. UBS Securities, LLCCourt of Appeals for the Second Circuit · 2014
14 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Dish Network Corp. v. Ace Am. Ins. Co.Court of Appeals for the Second Circuit · 2021
- Walker v. Erie Ins. Co.Appellate Division of the Supreme Court of the State of New York · 2022
- Walker v. Erie Ins. Co.Appellate Division of the Supreme Court of the State of New York · 2022
- 331 W 38TH STREET LLC, et al. v. PENN-STAR INSURANCE COMPANYDistrict Court, S.D. New York · 2026
- 7001 East 71st Street LLC v. Continental Casualty CompanyCourt of Appeals for the Second Circuit · 2018
28 more not listed; retrieve them via the Exa API.