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C.M. CLARK INSURANCE AGENCY, INC. v. REED

Civ. A. Nos. 71-H-391, 71-H-392.

390 F.Supp. 1056 (1975)

C. M. CLARK INSURANCE AGENCY, INC., Plaintiff, v. George F. REED, Defendant. SAFEGUARD MUTUAL INSURANCE COMPANY, Plaintiff, v. George F. REED, Defendant.

United States District Court, S. D. Texas, Houston Division.

February 7, 1975.

Attorney(s) appearing for the Case

Malcolm H. Waldron, Jr., Philadelphia, Pa., for plaintiff.

James Greenwood, III, Vinson, Elkins, Searls, Connally & Smith, Houston, Tex., for defendant.

MEMORANDUM AND OPINION

CARL O. BUE, Jr., District Judge.

In this action, plaintiffs are seeking compensatory and punitive damages stemming from the suspension of business activity of Safeguard Insurance Company in April, 1967, by the Pennsylvania Insurance Department. Plaintiffs are Safeguard Mutual Insurance Company and C. M. Clark Insurance Agency, Inc., a Pennsylvania corporation organized by persons interested in the welfare of Safeguard Mutual Insurance...

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