MGIC INDEM. CORP. v. HOME STATE SAV. ASS'N

No. 85-3171.

797 F.2d 285 (1986)

MGIC INDEMNITY CORPORATION, Plaintiff-Appellee, v. HOME STATE SAVINGS ASSOCIATION, Defendant-Appellant.

United States Court of Appeals, Sixth Circuit.

Decided July 28, 1986.


Attorney(s) appearing for the Case

David C. Greer (argued), Bieser, Greer & Landis, Dayton, Ohio, A. Mark Segreti, Jr., for defendant-appellant.

Gary D. Bullock (argued), David P. Kamp, Cincinnati, Ohio, for plaintiff-appellee.

Before JONES and NELSON, Circuit Judges, and PECK, Senior Circuit Judge.


DAVID A. NELSON, Circuit Judge.

This case presents a question of coverage under a policy of director and officer liability insurance. The policyholder, Home State Savings Association, settled certain criminal charges against it by agreeing to make restitution of fees it had received from commercial customers for standby loan commitments. One of the main considerations that led Home State to accept a settlement requiring restitution of the fees was that its officers...

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