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ROCCO ENTERPRISES, INC. v. CONTINENTAL CAS. CO.

Civ. A. No. 87-0128-H.

702 F.Supp. 596 (1988)

ROCCO ENTERPRISES, INC., and Rocco Turkeys, Inc., Plaintiffs, v. CONTINENTAL CASUALTY CO., Defendant.

United States District Court, W.D. Virginia, Harrisonburg Division.

December 8, 1988.

Attorney(s) appearing for the Case

Daniel L. Fitch, Wharton, Aldhizer & Weaver, Harrisonburg, Va., for plaintiffs.

M. Scott Ratliff, The Travelers Companies, Roanoke, Va., Leonard E. Barney, CNA Ins. Companies, Silver Spring, Md., Nicholas Wright, Robbinson, McGammon, Osthimer & Tatum, Richmond, Va., for Continental Cas. Co.

MEMORANDUM OPINION

MICHAEL, District Judge.

This matter is before the court on opposing motions for summary judgment. The dispute centers on the parties' conflicting interpretations of a policy provision determining "actual cash value" of the policyholder's finished stock. The plaintiffs, Rocco Enterprises, Inc. and Rocco Turkeys, Inc. ("Rocco"), who are poultry producers, originally sued both Continental Casualty Co. ("Continental") and the Travelers Indemnity...

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