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NATL UNION FIRE INS. v. XEROX

6 Misc.3d 763 (2004)

792 N.Y.S.2d 772

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. XEROX CORPORATION et al., Defendants.

Supreme Court, New York County.

November 10, 2004.

Attorney(s) appearing for the Case

Cravath, Swaine & Moore (Evan R. Chesler and Sandra C. Goldstein of counsel), for Xerox Corporation, defendant.

Daly & Pavlis LLC (Alfred Pavlis of counsel), and Epstein & Weil (Judith Weil of counsel), for Paul Allaire and others, defendants.

Day, Berry & Howard LLP (Thomas D. Goldberg of counsel), for Richard Thoman and others, defendants.

Swidler, Berline, Shereff, Friedman LLP (Adam B. Rowland of counsel), for B.R. Inman and others, defendants.

D'Amato & Lynch (Kevin J. Windels of counsel), for plaintiff.

OPINION OF THE COURT

CHARLES EDWARD RAMOS, J.

This is a declaratory judgment action brought to resolve a controversy regarding insurance coverage for numerous securities fraud lawsuits brought by individuals, classes of individuals and regulators against the Xerox Corporation and many of its present and former directors and officers based on their alleged fraudulent reporting of Xerox's finances from 1997 through 2000.1 In this...

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