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NATIONAL UNION FIRE INS. CO. v. AMBASSADOR GROUP

No. 85-2132 (RJD).

691 F.Supp. 618 (1988)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. AMBASSADOR GROUP, INC., et al., Defendants.

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

July 13, 1988.

Attorney(s) appearing for the Case

Damato & Lynch, New York City, for plaintiff.

Davis & Hoffman, New York City, for H. Davis.

Levy, Bivona & Cohen, New York City, for Levy Bivona & Cohen.

Hughes, Hubbard & Reed, New York City, for Coopers & Lybrand.

Stroock, Stroock & Lavan, New York City, for James P. Corcoran.

Robinson, Silverman, Pearce, Aronson & Behrman, New York City, for J. Wells.

Martin E. Karlinsky, New York City, for Quaif, Overseas & Domestic Underwriters, Ltd.

Kostelantz & Ritholz, New York City, for Kroll & Cameron, III.

Reavis & McGrath, New York City, for Hirsch.

Skadden, Arps, Slate, Meagher, & Flom, New York City, for Ambassador Group, A. Chait, DJ Chait, EC Chait DM Auster, & JS Maresca & Richard Tafro, Surplus Lines, Budget Payment Plan & Ins. Management Corp. of Vermont.

Commissioner of Banking and Ins. for the State of Vt., New York City.

MEMORANDUM DECISION AND ORDER

DEARIE, District Judge.

Plaintiff National Union Fire Insurance Company of Pittsburgh, P.A. ("National Union") is the liability insurer of the directors and officers of Ambassador Group Incorporated ("Ambassador Group"). Ambassador Group is an insurance holding company; its principal subsidiaries are Ambassador Insurance Company and Horizon Insurance Company, both of which are in receivership. National Union filed this interpleader...

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