The Second Circuit’s recent decision in Acumen Re Management Corp. v. General Security National Insurance Co.1 contains a very informative analysis of the “multiple claims” requirement for partial final judgments pursuant to Rule 54(b) of the Federal Rules of Civil Procedure (Fed.R.Civ.P.) (“Judgment on Multiple Claims or Involving Multiple Parties”).
Acumen arose from a reinsurer’s contractual undertakings to compensate an underwriter. The underwriter, Acumen Re Management Corporation, sued the reinsurer, General Security National Insurance Company, for breach of contract, seeking contingent commissions alleged to be due. The U.S. District Court for the Southern District of New York (George B. Daniels, Judge) entered partial summary judgment for General Security, ruling that four of Acumen’s five breach-of-contract theories were baseless and that, under all five theories, no more than nominal damages were recoverable.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]