TRAVELERS INDEM. CO. v. STATE

No. 1 CA-CIV 6120.

140 Ariz. 194 (1984)

680 P.2d 1255

TRAVELERS INDEMNITY COMPANY, Plaintiff, Counter-defendant, Appellee, v. STATE of Arizona, Defendant, Counter-claimant, Appellant.

Court of Appeals of Arizona, Division 1, Department A.

February 28, 1984.


Attorney(s) appearing for the Case

Weyl, Guyer, Macban & Olson by Thomas G. Bakker, Phoenix, for plaintiff, counter-defendant, appellee.

Robert K. Corbin, Atty. Gen. by Mark N. Weingart, Asst. Atty. Gen., Phoenix, for defendant, counter-claimant, appellant.


OPINION

EUBANK, Judge.

The issue presented by this appeal is whether the trial court erred by granting summary judgment to the appellee insurance company on the basis that there was no coverage under a liability insurance policy. We find no error and affirm.

This action originates from the financial collapse of Lincoln Thrift Association and U.S. Thrift Association. The investors in these associations filed...

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