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OKADA v. MGIC INDEM. CORP.

Civ. No. 84-1318.

608 F.Supp. 383 (1985)

Glenn K. OKADA, William E. Takabayashi, and Richard A. Cooke, Jr., Plaintiffs, v. MGIC INDEMNITY CORPORATION, also known as Ambac Indemnity Corporation, Defendant.

United States District Court, D. Hawaii.

April 30, 1985.

Attorney(s) appearing for the Case

John S. Edmunds, Ronald J. Verga, Alan van Etten, B. Regina Green, Honolulu, Hawaii, for plaintiffs.

Goodsill, Anderson, Quinn & Stifel, John Rapp, Honolulu, Hawaii, for defendant.

Damon, Key, Char & Bocken, Steven H. Levinson, Diane D. Hastert, Honolulu, Hawaii, for amicus curiae, Federal Sav. & Loan Ins. Corp.

DECISION AND ORDER GRANTING PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT

PENCE, District Judge.

Plaintiff insureds Okada, Takabayashi, and Cooke are defendants in two pending underlying cases: FLSIC v. Alexander, 590 F.Supp. 834 (Hawaii 1984), and First Hawaiian Bank v. Alexander, 558 F.Supp. 1128 (D.C.Hawaii 1983). As directors and officers of First Savings & Loan,...

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