United States Second Circuit

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Beazley Insurance Company, Inc. v. Ace American Insurance Company, 16-2812

Affirming the district court's determination granting summary judgment to defendants in a case involving the IPO of Facebook where retail investors were customers of NASDAQ, the underlying securities claims against NASDAQ arose out of its provision of professional services, and as a result the claims were excluded from coverage pursuant to the Directors' and Officers' insurance policies.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2018/01/22




  • United States Second Circuit


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