A state appeals court on Thursday tossed out the bulk of a major insurance lawsuit lodged by 35 related Madison Square Garden companies against four major insurers that allegedly didn’t pay out for COVID-19-driven closures.

The lawsuit, filed in March 2021 in Manhattan Supreme Court, alleges that “the MSG Insureds turned to the Insurers for the insurance the Insurers promised to provide” after the Madison Square Garden-linked companies paid “millions of dollars in premiums,” but that “instead of honoring their obligations, the Insurers have paid nothing for the MSG Insureds’ losses, thereby depriving the MSG Insureds of the coverage to which they are entitled.”

This content has been archived.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

Why am I seeing this?

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]