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MUNICIPAL SECURITIES v. INS. CO. OF NORTH AMERICA

No. 86-5024.

829 F.2d 7 (1987)

MUNICIPAL SECURITIES, INC., MSI Governments, Inc., and MSI Holdings, Inc., Plaintiffs-Appellants, v. INSURANCE COMPANY OF NORTH AMERICA, Defendant and Third-Party Plaintiff-Appellee, Tanya B. Hargraves, Third-Party Defendant.

United States Court of Appeals, Sixth Circuit.

Decided September 18, 1987.

Rehearing and Rehearing Denied November 3, 1987.

Attorney(s) appearing for the Case

Michael Richards (argued), Heiskell, Donelson, Bearman, Adams, Williams and Kirsch, Memphis, Tenn., Mary Aronov, for plaintiffs-appellants.

Thomas Johnston (argued), Randall Noel, Teresa Sigmon, William H. Thomas, Memphis, Tenn., for defendant and third-party plaintiff-appellee.

Before KRUPANSKY, NELSON and RYAN, Circuit Judges.

Rehearing and Rehearing En Banc Denied November 3, 1987.

PER CURIAM.

The plaintiffs in this case sued Insurance Company of North America (INA) on an insurance policy, alleging that INA was guilty of bad faith in failing to honor its obligations under the policy. The district court entered summary judgment in favor of INA, and the plaintiffs appealed. Concluding that the policy provided no coverage for the plaintiffs' loss, we shall affirm the judgment of the...

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