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COMMONWEALTH INS. CO. v. UNDERWRITERS, INC.

No. 88-5056.

846 F.2d 196 (1988)

COMMONWEALTH INSURANCE COMPANY v. The UNDERWRITERS, INC., Joseph F. Ambriano, John A. Kraeutler, R. Donald Quackenbush, John A. Kraeutler, Inc., J.A.C.K. Holding Company Inc., Richard Greene, Joseph L. Kelley, J.D. Kelley, Inc., American Centennial Insurance Company, Beneficial Corporation, Richard H. Bate, Cecil M. Benadom, Charles W. Bowser, Robert C. Cannada, Elbert N. Carvel, Finn M.W. Caspersen, Freda R. Caspersen, Charles H. Donovan, William H., H. Ely, Jr., George R. Evans, David J. Farris, Leon A. Fults, James H. Gilliam, Jr., J. Thomas Gurney, Andrew C. Halvorsen, Charles E. Hance, J. Robert Hillier, Gerald L. Holm, Kenneth J. Kircher, Thomas P. McGough, Robert R. Meyer, Steven Muller, Michael Regan, Susan Julia Ross, Robert A. Tucker, Susan M. Wachter, Richard A. Wagner, Arthur T. Ward, Jr., Charles H. Watts, II, Richard F. White, Russell W. Willey and K. Martin Worthy. COMMONWEALTH INSURANCE COMPANY v. BENEFICIAL CORPORATION, Barrett Treaty Corporation, Dennis J. Vaughan & Co., Inc., R. Donald Quackenbush, William P. Barrett, Dennis J. Vaughan, Richard H. Bate, Cecil M. Benadom, Charles W. Bowser, Robert C. Cannada, Elbert N. Carvel, Finn M.W. Caspersen, Freda R. Caspersen, Charles H. Donovan, William H., H. Ely, Jr., George R. Evans, David J. Farris, Leon A. Fults, James H. Gilliam, Jr., J. Thomas Gurney, Andrew C. Halvorsen, Charles E. Hance, J. Robert Hillier, Gerald L. Holm, Kenneth J. Kircher, Thomas P. McGough, Robert R. Meyer, Steven Muller, Susan Julia Ross, Robert A. Tucker, Susan M. Wachter, Richard A. Wagner, Arthur T. Ward, Jr., Charles H. Watts, II, Richard F. White, Russell W. Willey and K. Martin Worthy. Appeal of COMMONWEALTH INSURANCE COMPANY ("Commonwealth").

United States Court of Appeals, Third Circuit.

Decided May 16, 1988.

Attorney(s) appearing for the Case

Paul M. Dodyk, Brian S. Fraser, Cravath, Swaine & Moore, New York City, Matthew F. Boylan, Lee Hilles Wertheim, Lowenstein, Sandler, Kohl, Fisher & Boylan, Roseland, N.J., for appellant.

Charles Lee Thomason, Wilson, Elser, Moskowitz, Edelman & Dicker, Newark, N.J., for appellees, William P. Barrett and Barrett Treaty Corp.

Stuart Peim, Riker, Danzig, Scherer, Hyland & Perretti, Morristown, N.J., for appellees, American Centennial Ins. Co. & Beneficial Corp. and Beneficial Officer and Director defendant who have been served.

Robert A. Boutillier, Shanley & Fisher, P.C., Morristown, N.J., Larry F. Gainen, Robert A. Banner, Lepatner, Gainen & Block, New York City, for appellees, D.J. Vaughan and Dennis J. Vaughan & Co.

Edwin R. Matthews, Budd Larner Gross Picillo, Rosenbaum Greenberg & Sade, P.C., Short Hills, N.J., for appellee, Richard Greene.

Before GIBBONS, Chief Judge, and MANSMANN and COWEN, Circuit Judges.

OPINION OF THE COURT

MANSMANN, Circuit Judge.

Commonwealth Insurance Company appeals from an order of the district court staying proceedings against all defendants in these consolidated actions pending the resolution of arbitration proceedings between Commonwealth and American Centennial Insurance Company, a defendant in one of the actions. We find that in light of the Supreme Court's recent decision in Gulfstream Aerospace Corporation v. Mayacamas Corp...

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