Federal Insurance v. Binney & Smith, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “[M]ere compliance with the rules applicable to labeling and advertising is not sufficient to trigger the exemption created by section 10b(1).”
• “The determination of whether Binney's anticipation of liability was reasonable would turn on the quality and quantity of proof which Binney would expect to be offered against it in the underlying action.” (quotations omitted)
• “Here, there is no way to decipher how much, if any, of the Schwab settlement was attributable to the warranty claims. To do so would require a mini-trial. . . . We find Binney was not required to allocate the liability within the settlement.”

Source: CourtListener parenthetical corpus (CC0).