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CONTINENTAL CAS. v. CANADIAN UNIVERSAL INS. CO.

No. 77-2374.

605 F.2d 1340 (1979)

CONTINENTAL CASUALTY COMPANY and Employers Surplus Lines Insurance Company, Plaintiffs-Appellees, v. CANADIAN UNIVERSAL INSURANCE CO., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

November 5, 1979.

Attorney(s) appearing for the Case

Craig R. Nelson, New Orleans, La., for defendant-appellant.

Christopher Tompkins, A. Wendel Stout, III, New Orleans, La., for plaintiffs-appellees.

Before GODBOLD, GEE and RUBIN, Circuit Judges.

ALVIN B. RUBIN, Circuit Judge:

Stipulations are executed in the hope of minimizing litigation. They frequently achieve that end. Occasionally, however, they result merely in the escalation of hostilities, and serve as the basis for new disputes about the meaning of the agreement. In this appeal we consider just such consequences of a 1974 stipulation executed to end a 1971 personal injury suit. To bring that suit to a partial conclusion, an insurer of one of the principal...

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