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DEAN WITTER REYNOLDS, INC. v. CONTINENTAL CAS. CO.

No. 91 Civil 7118 (DAB).

897 F.Supp. 142 (1995)

DEAN WITTER REYNOLDS, INC., Plaintiff, v. CONTINENTAL CASUALTY COMPANY and National Fire Insurance Company of Hartford, Defendants.

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

September 8, 1995.

Attorney(s) appearing for the Case

Catherine A. Ludden, Morgan, Lewis & Bockius, New York City, for plaintiff.

John B. Grant, Jr., Camhy Karlinsky & Stein, New York City, for defendants.

MEMORANDUM OPINION

BATTS, District Judge.

Following a ten day trial and over four hours of deliberation, the jury returned a verdict for Plaintiff Dean Witter Reynolds, Inc. ("Plaintiff"), finding that Defendants Continental Casualty Company and National Fire Insurance Company of Hartford (together "CNA") were liable to Plaintiff on the theory of promissory estoppel in the amount of $7.8 million. CNA now moves this Court for a judgment n.o.v. or,...

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