Art Investors Ask Top Court To Nix AXA's $22M Coverage Win

Law360, New York (October 18, 2013, 1:12 PM EDT) -- A group of art investors has urged the U.S. Supreme Court to nix New York state court rulings freeing an AXA SA subsidiary from covering $21.6 million in losses from a notorious gallery swindle, saying the insurer signed away its case and shouldn't have been allowed to resurrect it.

Renaissance Art Investors LLC said in an Oct. 4 certiorari petition that AXA Art Insurance Corp. voluntarily dismissed its declaratory judgment suit over coverage for the losses in New York federal court but was wrongly given a...
To view the full article, register now.