OPINION AND ORDER
LYNCH, District Judge.
In this action on an insurance contract, plaintiffs, the president, chief financial officer, and chairman of Sloan's Auction Galleries, Ltd. ("Sloan's"), successfully defended a suit brought by an unpaid consignor, and sought payment for their defense costs under a directors and officers ("D & O") liability insurance policy purchased from defendant Houston Casualty Company ("Houston"). After paying $65,560 to...
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