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FERGUSON v. LION HOLDING, INC.

Nos. 02 Civ. 4258(PKL), 02 Civ. 4261(PKL).

478 F.Supp.2d 455 (2007)

Robert D. FERGUSON and Ralph Milo, Plaintiffs, v. LION HOLDING, INC., Defendant. Robert D. Ferguson and Milo Family Limited Partnership, Plaintiffs, v. Hannover Rückversicherungs-Akteiengesellschaft, Defendant.

United States District Court, S.D. New York.

March 1, 2007.

Attorney(s) appearing for the Case

Willkie Farr & Gallagher, Francis J. Menton, Jr., New York City, for Plaintiffs.

Clifford Chance U.S. LLP, Steven C. Schwartz, James M. Ringer, Thomas Teige Carroll, New York City, for Defendants.

OPINION AND ORDER

LEISURE, District Judge.

In 1999 defendant Hannover Rückversicherungs-Akteiengesellschaft ("Hannover" or "defendant"), a German reinsurance company, purchased defendant Lion Holding, Inc. ("Lion"). Lion was an insurance holding company whose principal asset was Clarendon Insurance Group, Inc. ("CIGI"). The purchase was executed pursuant to a Stock Purchase Agreement dated February 16, 1999 (the "SPA"). Both plaintiffs are former...

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