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J.P. MORGAN SECURITIES INC. v. VIGILANT INSURANCE COMPANY

600979/09.

2017 NY Slip Op 27127

J.P. MORGAN SECURITIES INC., J.P. MORGAN CLEARING CORP., and THE BEAR STEARNS COMPANIES LLC, Plaintiffs, v. VIGILANT INSURANCE COMPANY, THE TRAVELERS INDEMNITY COMPANY, FEDERAL INSURANCE COMPANY, NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, P.A., LIBERTY MUTUAL INSURANCE COMPANY, CERTAIN UNDERWRITERS AT LLOYD'S, LONDON and AMERICAN ALTERNATIVE INSURANCE CORPORATION, Defendants.

Supreme Court, New York County.

Decided April 17, 2017.

Attorney(s) appearing for the Case

Steven Obus, Esq. , Proskauer Rose LLP, for plaintiffs.

Joseph Finnerty, Esq. , DLA Piper LLP, for defendant Vigilant Ins. Co.

In this insurance coverage action, plaintiffs1 (together, plaintiffs) seek a declaration that its insurers are required to indemnify it for claims stemming from Bear Stearns' monetary settlement of Securities and Exchange Commission (SEC) and New York Stock Exchange (NYSE) investigations and related...

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