Beazley Insurance Company, Inc. v. Ace American Insurance Company et al

  1. August 11, 2016

    Beazley To Appeal Excluded Coverage Of Facebook IPO Suit

    Beazley Insurance Co. said Thursday that it was appealing to the Second Circuit a decision by U.S. District Judge Jed S. Rakoff last month that Ace American Insurance Co. owed no contribution toward Nasdaq's $31 million settlement with a class of investors who sued over Facebook's botched initial public offering.

  2. July 12, 2016

    Ace Owes No Coverage In Facebook IPO Row, Rakoff Rules

    U.S. District Judge Jed S. Rakoff on Tuesday denied Beazley Insurance Co. Inc.'s bid to put fellow insurer Ace American Insurance Co. on the hook for part of Nasdaq's $31 million settlement with a class of investors who sued over Facebook's botched initial public offering.

  3. February 10, 2016

    Ace Says Exclusion Applies In Facebook IPO Coverage Row

    Ace American Insurance Co. on Tuesday struck back against a fellow insurer's bid to put it on the hook for part of Nasdaq's $31 million settlement with a class of investors who sued over Facebook's botched initial public offering, saying the evidence shows a policy exclusion applies.

  4. February 09, 2016

    Beazley Says Ace Owes For Nasdaq's Facebook Settlement

    Beazley Insurance on Tuesday continued its push to force two other insurers to cover Nasdaq's $31 million settlement with a class of investors who sued over Facebook's bungled initial public offering, claiming that Ace American Insurance Co. can't apply an exclusion from its policy to duck coverage.

  5. February 01, 2016

    Beazley Slams Insurers' Bid To Duck Nasdaq's Facebook Deal

    Beazley Insurance Co. on Friday bashed two fellow Nasdaq insurers for attempting to invoke a professional services exclusion to avoid coverage of Nasdaq's $31 million settlement of an investor class action over its botched Facebook initial public offering, saying a New York federal judge had already denied that argument.

  6. January 19, 2016

    Insurers Try To Sink Suit Over Nasdaq's Facebook IPO Deal

    Two of Nasdaq's insurers have urged a New York federal judge to toss Beazley Insurance Co. Inc.'s suit seeking coverage of Nasdaq's $31 million settlement of an investor class action over its botching of Facebook's $16 billion initial public offering, saying the settled claims fall under a policy exclusion.

  7. October 22, 2015

    Ace Told To Cover NASDAQ's Facebook IPO Defense Costs

    A New York federal judge on Wednesday ordered Ace American Insurance Co. to defend Nasdaq and two of the exchange's executives in multidistrict litigation accusing Nasdaq of botching Facebook's $16 billion initial public offering.

  8. August 25, 2015

    Beazley Says Ace Must Defend Nasdaq In Facebook IPO Suit

    Beazley Insurance Co. urged a New York federal judge on Friday to declare that Ace American Insurance Co. is obligated to defend Nasdaq OMX Group Inc. and two of the exchange's executives in multidistrict litigation accusing Nasdaq of botching Facebook Inc.'s $16 billion initial public offering.

  9. August 03, 2015

    Insurers Want Out Of Suit Over Nasdaq's Facebook IPO Deal

    A pair of insurers on Friday urged a New York federal court to toss Beazley Insurance Co.'s suit seeking coverage of Nasdaq OMX Group Inc.'s $31 million settlement in an underlying investor class action over technical difficulties with Facebook Inc.'s initial public offering, arguing that their policies exclude coverage for the claims.

  10. July 01, 2015

    $31M Insurance Row Erupts Over Nasdaq's Facebook IPO Deal

    Beazley Insurance Co. Inc. slapped two rivals with a New York federal suit Tuesday, seeking coverage of Nasdaq OMX Group Inc.'s $31 million settlement in an underlying investor class action over the botched handling of Facebook Inc.'s $16 billion initial public offering.