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ATLANTIC PERMANENT FEDERAL SAV. & LOAN v. AMER. CAS.

No. 87-1572.

839 F.2d 212 (1988)

ATLANTIC PERMANENT FEDERAL SAVINGS AND LOAN ASSOCIATION, Plaintiff-Appellee, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant-Appellant.

United States Court of Appeals, Fourth Circuit.

Decided February 12, 1988.

Attorney(s) appearing for the Case

John Bowers McCammon (Edward E. Nicholas, III, Wright, Robinson, McCammon & Tatum, P.C., Richmond, Va., Steven S. Radin, Kenneth F. Oettle, Davis J. Howard, Sills, Beck, Cummis, Zuckerman, Radin, Tischman & Epstein, Newark, N.J., on brief), for defendant-appellant.

Walkley Elmes Johnson, Jr. (Crenshaw, Ware & Johnson, Norfolk, Va., on brief), for plaintiff-appellee.

Before RUSSELL and PHILLIPS, Circuit Judges, and HAYNSWORTH, Senior Circuit Judge.

PER CURIAM:

American Casualty Company (American) appeals a judgment against it in an action for breach of a directors' and officers' liability insurance policy that American issued to Atlantic Permanent Federal Savings and Loan Association (Atlantic). We find no reversible error and affirm.

I

The policy at issue contains two parts. Clause A provides direct coverage for Atlantic's individual officers and directors.1 Clause...

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