In a case currently scheduled for argument on Oct. 6, 2021, before the New York Court of A...

‘JP Morgan v. Vigilant’ and Post-Loss Underwriting: The New York Court of Appeals Should Continue To Modernize New York Insurance Law | New York Law Journal – Law.com

In a case currently scheduled for argument on Oct. 6, 2021, before the New York Court of Appeals, J.P. Morgan Securities v. Vigilant Insurance Company, No. APL-2020-00044, the Court of Appeals has an opportunity to join the majority of states and continue to modernize New York insurance common law. J.P. Morgan seeks coverage for $140 million that Bear Stearns (later acquired by JPM) paid to the SEC to settle claims related to trading that generated profits for Bear’s hedge fund customers. The court agreed to hear the appeal of a First Department panel’s September 2018 ruling, which overturned an August …

 

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