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IN RE AMBASSADOR GROUP, INC. LITIGATION

MDL No. 778. No. CV-85-2132.

830 F.Supp. 147 (1993)

In re AMBASSADOR GROUP, INC. LITIGATION. NATIONAL UNION FIRE INSURANCE CO. OF PITTSBURGH, PA., Plaintiff, v. AMBASSADOR GROUP, INC. ET AL., Defendants. David J. MICHAELS, Counterclaim Plaintiff, v. NATIONAL UNION FIRE INSURANCE CO. OF PITTSBURGH, PA., Counterclaim Defendant.

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

August 12, 1993.

Attorney(s) appearing for the Case

Milberg Weiss Bershad Specthrie & Lerach, New York City, for David J. Michaels.

D'Amato & Lynch, New York City, for National Union Fire Ins. Co. of Pittsburgh, PA.

Jones, Day, Reavis, & Pogue, Columbus, OH, for Jeffrey P. Johnson, Comm'r of Banking and Ins. for State of Vt. as Receiver of Ambassador Ins. Co.

Anderson Kill Olick & Oshinsky, New York City, for Salvatore R. Curiale, Superintendent of Ins. for State of N.Y. as Liquidator of Horizon Ins. Co.

MEMORANDUM AND ORDER

DEARIE, District Judge.

From December 22, 1983 through December 22, 1986, the directors and officers of Ambassador Group, Incorporated ("Ambassador Group"), an insurance holding company, and its subsidiaries were insured under a directors and officers liability policy issued by plaintiff National Union Fire Insurance Company of Pittsburgh, Pa. ("National Union"). During the policy period, certain directors and officers were sued...

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