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CONTINENTAL COPPER & STEEL INDUSTRIES v. JOHNSON

No. 79 Civ. 1494 (RWS).

491 F.Supp. 360 (1980)

CONTINENTAL COPPER & STEEL INDUSTRIES, INC., Plaintiff, v. Henry Ralph Rokeby JOHNSON, Excess Ins. Co., H. S. Weavers, English and American, Stronghold Ins. Co., Turegum Ins. Co. and Assicurazioni Generali, Defendants.

United States District Court, S. D. New York.

May 22, 1980.

Attorney(s) appearing for the Case

Hall, Dickler, Lawler, Kent & Howley, New York City, for plaintiff; Joseph Chase and Robin Hirsch, New York City, of counsel.

Mendes & Mount, New York City, for defendants; Daniel H. Murphy, II, and Arthur J. Washington, III, New York City, of counsel.

OPINION

SWEET, District Judge.

This is a diversity action by Continental Copper & Steel Industries, Inc. ("Continental") seeking reimbursement of funds expended by Continental to indemnify five of its directors under a directors and officers liability insurance policy (the "Policy") issued by the defendants (the "Issuers"). The parties have filed a stipulation of material facts and have cross-moved for summary judgment on the issue of liability. Continental...

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