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DOWNEY SAVINGS & LOAN ASSN. v. OHIO CASUALTY INS

Docket No. B009549.

189 Cal.App.3d 1072 (1987)

234 Cal. Rptr. 835

DOWNEY SAVINGS AND LOAN ASSOCIATION, Plaintiff, Cross-defendant and Appellant, v. OHIO CASUALTY INSURANCE COMPANY, Defendant, Cross-complainant and Appellant.

Court of Appeals of California, Second District, Division Three.

February 26, 1987.

Attorney(s) appearing for the Case

COUNSEL

Saphier & Rein, Michael S. Saphier and Richard A. Weisz for Plaintiff, Cross-defendant and Appellant.

George C. Montgomery, Bruce M. Thornton, Montgomery, Gascou, Gemmill & Thornton, Robert E. Jones, Gibson, Dunn & Crutcher, Theodore B. Olson and John J. Swenson for Defendant, Cross-complainant and Appellant.

OPINION

KENNARD, J.*

Plaintiff Downey Savings and Loan Association (hereafter Downey) brought a bad faith action against defendant Ohio Casualty Insurance Company (hereafter Ohio) for denial of benefits under a fidelity bond issued by Ohio. A jury awarded Downey $152,983.43 in compensatory damages and $5 million in punitive damages. Downey appeals from that portion of the judgment denying it attorney's...

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