Recent Media Coverage Overstates Impact of New Second Circuit Case Regarding “Drop-Down” Issue
The Second Circuit’s decision in Mehdi Ali v. Federal Insurance Co., __ F.2d __ (2d Cir. 2013) in which the court declined to extend the holding of Zeig v. Massachusetts Bonding & Insurance Co. , 23 F.2d 665 (2d Cir. 1928), had some commentators overstating the impact as a major victory for insurers.
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