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BETTIUS & SANDERSON, P.C. v. NAT. UNION FIRE INS.

Nos. 87-3036, 87-3043.

839 F.2d 1009 (1988)

BETTIUS & SANDERSON, P.C., Plaintiff-Appellant, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Defendant-Appellee. BETTIUS & SANDERSON, P.C., Plaintiff-Appellee, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Defendant-Appellant.

United States Court of Appeals, Fourth Circuit.

Decided February 17, 1988.

Rehearing and Rehearing Denied April 26, 1988.

Attorney(s) appearing for the Case

Thomas Phillip Mains, Jr. (Mains & Nichols, Alexandria, Va., Wallace L. Duncan; Duncan, Weinberg & Miller, Washington, D.C., on brief), for plaintiff-appellant.

David P. Durbin (Paul D. Krause, Jayson L. Spiegel, Jordan, Coyne, Savits & Lopata, on brief), Larry Lee Simms (Theodore B. Olson, John A. Mintz, Gibson, Dunn & Crutcher, Washington, D.C., on brief), for defendant-appellee.

Before HALL and MURNAGHAN, Circuit Judges, and BUTZNER, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied April 26, 1988.

BUTZNER, Senior Circuit Judge:

Bettius & Sanderson, P.C., (Bettius) appeals a judgment entered in favor of its professional liability insurer, National Union Fire Insurance Company. Its two primary assignments of error protest the district court's rulings that compensation paid to principals of a professional corporation is not evidence of corporate net profits, and, second, Virginia law does not authorize...

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