Biochemics, Inc., et al v. Axis Reinsurance Company, et al

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Case overview

Case Number:

17-2059

Court:

Appellate - 1st Circuit

Nature of Suit:

4110 Insurance

  1. May 23, 2019

    BioChemics Can't Revive SEC Probe Coverage Bid At 1st Circ.

    The First Circuit affirmed a district court ruling Thursday that Axis Insurance Co. had no duty to cover BioChemics' costs to defend against an investigation and enforcement action by the U.S. Securities and Exchange Commission, saying the grounds for an insurance claim kicked in before BioChemics was covered.

  2. September 12, 2018

    1st Circ. Questions BioChemics Strategy In SEC Probe Case

    The First Circuit prodded BioChemics Inc. on what it felt was an inconsistent argument Wednesday as the pharmaceutical company tried to flip a district court order denying coverage by Axis Reinsurance Co. for defending against a U.S. Securities and Exchange Commission investigation and enforcement action.