Duped Art Investors Seek To Nix AXA's Coverage Suit

Law360, New York (March 24, 2011, 1:22 PM EDT) -- A group of art investors asked a New York state court last week to toss AXA Art Insurance Corp.'s suit seeking to deny coverage for artworks lost in a massive swindle, arguing that a federal court dismissed the same claims with prejudice.

In a memorandum filed March 18 in the Supreme Court for the State of New York, County of New York, Renaissance Art Investors LLC claimed that AXA's declaratory judgment suit asserting that there is no coverage for the loss under its policy must be...
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