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UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
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In re
:
: Chapter 11
COSMETICS PLUS GROUP, LTD., et. al.,
: Case No. 01-14471 (PCB)
:
:
Debtors.
:
:
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COSMETICS PLUS GROUP, LTD. and
:
COSMETICS PLUS SOUTH LTD.,
: Adversary Proceeding
: Case No. 03-8032 (PCB)
Plaintiffs,
:
- against-
:
:
AMERICAN INTERNATIONAL GROUP, INC. &
:
NEW HAMPSHIRE INSURANCE COMPANY,
:
:
Defendants.
:
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APPEARANCES:
HOWARD M. FILE, ESQ.
Attorney for Plaintiffs
260 Christopher Lane
Staten Island, New York 10314
By:
Howard M. File, Esq.
WHITE FLEISCHNER & FINO, LLP
Attorneys for Defendants
140 Broadway, 36th Floor
New York, New York 10005
By:
Nicholas l. Paone, Esq.
MEMORANDUM DECISION PARTIALLY GRANTING DEFENDANTS’ MOTION
FOR SUMMARY JUDGMENT AND DENYING CROSS-MOTION
BEATTY, PRUDENCE CARTER, U.S.B.J.
American International Group, Inc. and New Hampshire Insurance Company (the
“Defendants”) have moved for partial summary judgment with respect to Count II of the
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amended complaint. That count seeks recovery in the total amount of $1,699,357 under
the business interruption provisions of the insurance policy issued by the Defendants in
favor of the plaintiffs.
The plaintiffs have filed a cross-motion related to issues raised by the motion for
partial summary judgment.
Based on the findings of facts and conclusions of law that follow, the Court
partially grants the motion for summary judgment on Count II and denies the cross-
motion.1
FACTUAL BACKGROUND
The plaintiffs, two of a 22-debtor retail chain, filed chapter 11 petitions on August
10, 2001 (collectively, all of the debtors that filed chapter 11 petitions will be referred to
herein as the “