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STARGATT v. AVENELL

Civ. A. No. 4357.

434 F.Supp. 234 (1977)

Bruce M. STARGATT, as Receiver for McDonnell & Co., Incorporated, a Delaware corporation in Receivership, Plaintiff, v. Richard Keeler AVENELL, citizen of Great Britain, and named representative of underwriters appearing on behalf of individual members of Lloyd's Syndicate Writing Policy No. CU10264, et al., Defendants.

United States District Court, D. Delaware.

May 12, 1977.

Attorney(s) appearing for the Case

Bruce M. Stargatt, Jack B. Jacobs and Doris M. Toll, of Young, Conaway, Stargatt & Taylor, Wilmington, Del., for plaintiff.

James M. Tunnell, Jr., David A. Drexler and William H. Sudell, Jr., of Morris, Nichols, Arsht & Tunnell, Wilmington, Del., for defendants.

STAPLETON, District Judge:

This action is brought by Bruce M. Stargatt, Receiver for McDonnell & Company (hereinafter "McDonnell") to recover on claims under two excess insurance policies issued by defendants to McDonnell. Prior to being placed in receivership, McDonnell was a member firm of the New York Stock Exchange and was engaged in the securities brokerage business, with its principal offices located in New York City. Defendants are members of a number of...

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