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WALDOBORO BANK v. AMERICAN CAS. CO.

Civ. No. 91-0013-B.

775 F.Supp. 432 (1991)

The WALDOBORO BANK, F.S.B., Plaintiff, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant.

United States District Court, D. Maine.

October 11, 1991.

Attorney(s) appearing for the Case

William D. Robitzek, Berman, Simmons & Goldberg, Lewiston, Me., for plaintiff.

Lewis V. Vafiades, Vafiades, Brountas & Kominsky, Bangor, Me., and Thomas S. Shore, Jr., Rendigs, Fry, Kiely & Dennis, Cincinnati, Ohio, for defendant.

ORDER

BRODY, District Judge.

The plaintiff, Waldoboro Bank, F.S.B., and the defendant, American Casualty of Reading, Pennsylvania, have filed cross-motions for summary judgment pursuant to Fed.R.Civ.P. 56.

The Bank is insured under a Directors' and Officers' Liability Policy issued by American Casualty. Wesley E. Richardson was the Bank President and a member of its Board of Directors.

The Bank arranged for a foreclosure sale of a piece of...

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