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CAPANO MANAGEMENT CO. v. TRANSCONTINENTAL INS. CO.

No. Civ.A. 99-22 MMS.

78 F.Supp.2d 320 (1999)

CAPANO MANAGEMENT CO., Louis Capano & Associates, Inc. and Louis J. Capano, Jr., individually and on behalf of Brandywine Plaza III Associates, L.P., Capano Investments and Landmark Motels, Plaintiffs, v. TRANSCONTINENTAL INSURANCE CO., Federal Insurance Co., American Casualty Co. of Reading, PA, and Vigilant Insurance Co., Defendants.

United States District Court, D. Delaware.

December 9, 1999.

Attorney(s) appearing for the Case

John C. Phillips, Jr., Phillips, Goldman & Spence, P.A., Wilmington, Delaware; of counsel: Elizabeth Read Carruthers, Welsh & Recker, P.C., Philadelphia, Pennsylvania, for plaintiffs.

John A. Elzufon, Elzufon & Austin, P.A., Wilmington, Delaware; of counsel: Geoffrey A. Kahn, and Albert S. Lee, Ballad Spahr Andrews & Ingersoll, LLP, Philadelphia, Pennsylvania, for defendants Transcontinental Insurance Co. and American Casualty Co. of Reading, PA.

Robert J. Katzenstein, Smith, Katzenstein & Furlow LLP, Wilmington, Delaware; of counsel: Alfred W. Putnam, Jr., and Rebecca S. Rimmer, Drinker Biddle & Reath LLP, Philadelphia, Pennsylvania, for defendants Federal Insurance Co. and Vigilant Insurance Co.

OPINION

SCHWARTZ, Senior District Judge.

I. Introduction

Louis J. Capano, Jr. ("Louis") and several of his business entities (collectively referred to as "Plaintiffs") filed a complaint seeking a declaratory judgment and asserting breach of contract against several insurance carriers ("Defendants") which have policies insuring the Plaintiffs. The Plaintiffs seek declaratory judgments that the Defendants must defend and indemnify the Plaintiffs...

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