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CHICAGO BRIDGE & IRON CO. v. HARTFORD FIRE INS. CO.

No. 77-1227.

590 F.2d 1200 (1978)

CHICAGO BRIDGE & IRON COMPANY, a corporation, Appellant, v. HARTFORD FIRE INSURANCE COMPANY, a corporation, et al.

United States Court of Appeals, District of Columbia Circuit.

Decided December 21, 1978.

Attorney(s) appearing for the Case

Ross O'Donoghue, Washington, D. C., for appellant.

John P. Arness, Washington, D. C., with whom Gail Starling Marshall, Washington, D. C., was on the brief, for appellee, Hartford Fire Ins. Co.

Samuel Becker, Washington, D. C., was on the brief, for appellee, Thomas G. Corcoran.

Also, Frank H. Strickler, Washington, D. C., entered an appearance for appellees, Hodges and Lee.

Before WRIGHT, Chief Judge, and MacKINNON and WILKEY, Circuit Judges.

Opinion for the court filed by MacKINNON, Circuit Judge.

MacKINNON, Circuit Judge:

On December 21, 1972, Chicago Bridge and Iron Co. (hereafter "CBI") entered into a stock purchase agreement with two of the major shareholders (hereafter "Sellers")1 in Fairmac Corporation.2 The assets of Fairmac included an apartment complex in Washington, D. C. called "McLean...

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