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STANDARD & POOR'S CORP. v. CONTINENTAL CAS. CO.

No. 87 Civ. 6543 KC.

718 F.Supp. 1219 (1989)

STANDARD & POOR'S CORPORATION, Plaintiff, v. CONTINENTAL CASUALTY COMPANY, Defendant.

United States District Court, S.D. New York.

September 25, 1989.

Attorney(s) appearing for the Case

William Dallas, Sullivan & Cromwell, New York City, for plaintiff.

Denny Chin, Campbell, Patrick & Chin, New York City, for defendant.

MEMORANDUM AND ORDER

CONBOY, District Judge:

In 1980, defendant Continental Casualty Company ("Continental") issued to Standard & Poor's ("S & P"), a prominent publisher of business and financial information, an insurance policy covering loss from, inter alia, "any act, error or omission, misleading statement or misstatement" committed by S & P. The policy provided for a $500,000 deductible...

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