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FINANCIAL INDEM. CO. v. SUPERIOR COURT

Docket No. L.A. 23641.

45 Cal.2d 395 (1955)

289 P.2d 233

FINANCIAL INDEMNITY COMPANY (a Corporation) et al., Petitioners, v. THE SUPERIOR COURT OF LOS ANGELES COUNTY, Respondent; F. BRITTON McCONNELL, as Insurance Commissioner, etc., Real Party in Interest.

Supreme Court of California. In Bank.

October 28, 1955.

Attorney(s) appearing for the Case

John S. Bolton, Wright, Wright, Green & Wright, Loyd Wright and Dudley K. Wright for Petitioners.

Harold W. Kennedy, County Counsel, and William E. Lamoreaux, Deputy County Counsel for Respondent.

Edmund G. Brown, Attorney General, Everett W. Mattoon, Assistant Attorney General, and Lee B. Stanton, Deputy Attorney General, for Real Party in Interest.

EDMONDS, J.

G. Kenneth Vaughn is the owner of all of the outstanding capital stock of Financial Indemnity Company, a California corporation licensed to do business as an insurer in this state. The company and Vaughn commenced an action in the superior court seeking declaratory relief and an injunction to prevent the Insurance Commissioner from taking over the assets of the corporation. As ground for justifying judicial interference...

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