Legal Opinion

Breeden v. Sphere Drake Insurance, PLC (In Re Bennett Funding Group, Inc. Securities Litigation)

District Court, S.D. New York

Decided December 3, 2001No. MDL 1153 JES, 01 CIV 1246 JESPublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

SPRIZZO, District Judge.

Richard C. Breeden, trustee in bankruptcy (“the trustee” or “plaintiff’) for the Bennett Funding Group, Inc. and its related companies (collectively “BFG”), brings the above-captioned action against reinsurer Sphere Drake Insurance, PLC (“Sphere Drake”) and others, including certain “John Doe” defendants known as the “Ades defendants” consisting of individual investors claiming rights to the proceeds of the Sphere Drake reinsurance policy (“the Policy”). The trustee and Sphere Drake now make a joint motion for summary judgment seeking a…

2Cases cited9 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
  3. Metropolitan Life Insurance Company v. Rjr Nabisco, IncorporatedCourt of Appeals for the Second Circuit · 1990
  4. K. Bell & Associates, Inc. v. Lloyd's UnderwritersCourt of Appeals for the Second Circuit · 1996
  5. Wm. Passalacqua Builders, Inc. v. Resnick Developers South, Inc.Court of Appeals for the Second Circuit · 1991

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3Cited by11 opinions

  1. Ades & Berg Group Investors v. BreedenCourt of Appeals for the Second Circuit · 2008
  2. Motorola Credit Corp. v. UzanDistrict Court, S.D. New York · 2003
  3. Chevron Corp. v. DonzigerDistrict Court, S.D. New York · 2011
  4. In Re the Bennett Funding Group, Inc., Debtor. Ades-Berg Investors v. Richard C. Breeden, Trustee for the Bennett Funding Group, Inc.Court of Appeals for the Second Circuit · 2006
  5. Torah Soft Ltd. v. DrosninDistrict Court, S.D. New York · 2002

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