NATIONAL UNION FIRE INS. CO. v. LANDRY

Nos. 87 Civ. 4286 (LLS)-87 Civ. 4290 (LLS).

677 F.Supp. 704 (1987)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Larry W. LANDRY and Judy L. Landry, Defendants. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Mike J. LAVOI, Defendant. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Robert J. LAVOI and Deborah L. Lavoi, Defendants. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. James R. BOURQUE and Marilyn C. Bourque, Defendants. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Sidney Anthony LAVOI, Jr. and Deborah D. Lavoi, Defendants.

United States District Court, S.D. New York.

December 18, 1987.


Attorney(s) appearing for the Case

Brown & Wood, New York City, Roger J. Hawke, Scott T. Tross, of counsel, for plaintiff.

Richards O'Neil & Allegaert, New York City, Thomas I. Sheridan, III, Terri D. Austin, of counsel, Mangham, Hardy, Rolfs, Bailey and Abadie, Lafayette, La., Louis R. Davis, Dawn M. Fuqua, of counsel, for defendants.


STANTON, District Judge.

These are five cases, of over 350 currently before this Court, in which plaintiff National Union Fire Insurance Company of Pittsburgh ("National Union"), an issuer of financial guarantee bonds, is suing to enforce indemnity agreements between itself and nine limited partners in one of scores of tax shelter partnerships in various parts of the country, and also to enforce its rights as subrogee of promissory notes which it honored on their...

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