Mass. Mutual v. Lloyd's

Summary

In this financial industry fraud litigation hearing plaintiff Massachusetts Mutual Life Insurance Company and other joining plaintiffs sought to recover the costs of litigation spawned by Bernard L. Madoff's massive Ponzi scheme from the defendant XL Speciality Insurance Co. and other joining defendants. The plaintiff claimed that the losses due to investment in Madoff’s Ponzi scheme and litigation costs associated with it were covered under its insurance underwritten by the defendants.

The plaintiff was represented by attorneys Eric Barber, Timothy Burns and Alan Terrell. The defendant in this case, XL Speciality Insurance Co was represented by attorney Howard Anglin, Kevin Brady and John Gerstein.