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GOLDOME SAV. BANK v. AM. CAS. CO. OF READING

134 A.D.2d 932 (1987)

Goldome Savings Bank, Formerly Known as Palmetto Federal Savings & Loan Association, et al., Appellants-Respondents, v. American Casualty Company of Reading, Respondent-Appellant

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

November 10, 1987

Order unanimously modified on the law and as modified affirmed with costs to plaintiffs, in accordance with the following memorandum: Plaintiff, Goldome Savings Bank, and the directors and officers of Palmetto Savings Bank brought this action against American Casualty Company for a judgment declaring that a directors and officers liability insurance policy issued by American Casualty to Palmetto Savings Bank and its officers was still in effect regardless of the merger of...

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