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VALEANT PHARMACEUTICALS v. AIG INSURANCE COMPANY

Civil Action No. 18-493 (MAS) (LHG).

625 F.Supp.3d 309 (2022)

VALEANT PHARMACEUTICALS INTERNATIONAL, INC., et al., Plaintiffs, v. AIG INSURANCE COMPANY OF CANADA et al., Defendants.

United States District Court, D. New Jersey.

Filed September 6, 2022.

Attorney(s) appearing for the Case

Gita F. Rothschild , Sherilyn Pastor , McCarter & English, LLP, Newark, NJ, for Plaintiffs.

Sean X. Kelly , Melissa Jennifer Brown , Marks, O'Neill, O'Brien, Doherty & Kelly, PC, Cherry Hill, NJ, Sean Robins , Sweeney & Sheehan, P.C., Philadelphia, PA, for Defendants Ace Ina Insurance Company, Liberty International Underwriters, Liberty Mutual Insurance Company, Lloyd's Consortium 9885, Lloyd's Syndicate ANV 1861, Lloyd's Syndicate AMA 1200, Lloyd's Syndicate ARGO 1200, Lloyd's Syndicate CVS 1919, Lloyd's Syndicate MITSUI 3210, Lloyd's Syndicate MIT 3210, Lloyd's Syndicate QBE 1886, Royal & Sun Alliance Insurance Company of Canada.

Kevin T. Coughlin , Suzanne Cocco Midlige , Coughlin Midlige & Garland LLP, Morristown, NJ, Sally A. Clements , Coughlin Duffy LLP, Morristown, NJ, for Defendant Allianz Global Risks US Insurance Company.

Daniel J. Layden , Hangley Aronchick Segal Pudlin & Schiller, Cherry Hill, NJ, for Defendant Arch Insurance Canada Ltd.

Joseph J. Schiavone , Jeffrey S. Leonard , David Ian Satine , Saiber LLC, Florham Park, NJ, for Defendant Everest Insurance Company of Canada.

Robert A. Benjamin , Patrick Stoltz , Kaufman Borgeest & Ryan LLP, Valhalla, NY, for Defendant Hartford Fire Insurance Company.

Melissa Jennifer Brown , Marks O'Neill O'Brien Doherty & Kelly, P.C., Cherry Hill, NJ, Sean Robins , Sweeney & Sheehan, P.C., Philadelphia, PA, for Defendants Lloyd's Syndicate BRT 2987, Lloyd's Syndicate HCC 4141, Lloyd's Syndicate NAV 1221.

MEMORANDUM OPINION

This novel matter of insurance contract interpretation comes before the Court on the Report and Recommendation (the "Report") of the Special Master, the Honorable Douglas K. Wolfson, J.S.C. (ret.), which recommended granting Plaintiffs' motion for judgment on the pleadings and denying Defendants...

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