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TRAVELERS INDEM. v. FAIRCHILD CAMERA & INSTRUMENT

Civ. No. 87-0311-P.

688 F.Supp. 65 (1988)

The TRAVELERS INDEMNITY COMPANY, Plaintiff, v. FAIRCHILD CAMERA & INSTRUMENT CORPORATION, the Truck Insurance Exchange, and Employers Insurance Company of Wausau, Defendants.

United States District Court, D. Maine.

July 6, 1988.

Attorney(s) appearing for the Case

John J. O'Leary, Jr., Catherine R. Connors, Portland, Me., Conrad K. Harper, Simpson Thatcher & Bartlett, New York City, for Travelers Indem. Co.

William E. Reed, III, Wellesley, Mass., Charles H. Abbott, Auburn, Me., for Employers Ins. Co.

John A. Mitchell, Verrill & Dana, Portland, Me., for the Truck Ins. Exchange.

John G. Connor, Harold Friedman, Portland, Me., E. Judge Elderkin, Donald W. Brown, San Francisco, Cal., for Fairchild Camera & Instrument Corp.

MEMORANDUM OF DECISION AND ORDER

GENE CARTER, District Judge.

This matter comes before the Court on Fairchild's motion to dismiss or stay this action and Fairchild's motion to dismiss or stay Truck Insurance's cross-claim. Oral arguments were heard on June 27, 1988. For the reasons set forth below, the Court will grant Fairchild's motions to stay.

I.

Over the past several years, Fairchild has purchased a series of comprehensive general...

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