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BIOCHEMICS, INC. v. AXIS REINSURANCE CO.

Civil Action No. 13-10691-RWZ.

963 F.Supp.2d 64 (2013)

BIOCHEMICS, INC., and John Masiz v. AXIS REINSURANCE COMPANY, et al.

United States District Court, D. Massachusetts.

August 7, 2013.

Attorney(s) appearing for the Case

Steven L. Schreckinger , Anne Robbins , Anderson & Kreiger, LLP, Cambridge, MA, for Biochemics, Inc., and John Masiz.

William A. Schneider , Morrison Mahoney LLP, Boston, MA, Melinda B. Margolies , Kaufman Borgeest & Ryan LLP, Valhalla, NY, Michael R. Perry , Murphy & King, PC, Boston, MA, for Axis Reinsurance Company, et al.

MEMORANDUM OF DECISION

ZOBEL, District Judge.

In December 2012, the Securities and Exchange Commission ("SEC") filed an enforcement action against plaintiffs BioChemics, Inc. ("BioChemics") and John Masiz, alleging they had violated the federal securities laws. Plaintiffs have now sued defendant AXIS Reinsurance Company ("AXIS"),1 which issued their directors and officers ("D & O") liability insurance. Plaintiffs claim...

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