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TRAVELERS INDEM. CO. v. CENTLIVRE

Civ. A. Nos. 92-0467, 92-0469.

836 F.Supp. 286 (1993)

TRAVELERS INDEMNITY COMPANY v. Marianne CENTLIVRE, et al. TRAVELERS INDEMNITY COMPANY v. ARTEMIDE, INC., et al.

United States District Court, E.D. Pennsylvania.

October 22, 1993.

Attorney(s) appearing for the Case

Craig Russell Blackman, Jane Landes Foster, Stradley Ronon Stevens & Young, Philadelphia, PA, for plaintiff.

Richard Max Bockol, Bala Cynwyd, PA, John Francis Triggs, Kristine Marie Reddington, Jacobson & Triggs, New York City, Russell D. Henkin, Berger & Montague, P.C., Philadelphia, PA, Lance C. Martin, Beigel & Sandler, Chicago, IL, for defendants.

George W. Croner, Kohn, Savett, Klein & Graf, P.C., Philadelphia, PA, for movant.

MEMORANDUM

GILES, District Judge.

Travelers Indemnity Company ("Travelers") has brought suit to enforce indemnification agreements by which defendants agreed to reimburse Travelers for monies required to be paid by it on their behalf when defendants defaulted on their loan obligations. Defendants have refused to honor their indemnification agreements, asserting that but for Travelers' fraud they would never have entered into the underlying investment...

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