NATIONAL UNION FIRE INS. CO. v. COOPER

Nos. 85 Civ. 8750 (LLS) to 85 Civ. 8754 (LLS) and 86 Civ. 4220 (LLS).

729 F.Supp. 1423 (1989)

NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Wayne Ray COOPER and Dixie R. Cooper, Defendants. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Jonathan SONNEBORN, Defendant. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Joseph DONADIO, M.D., Defendant. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Harold A. BERGGREN, Defendant. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff, v. Peter W. BAUER, M.D., Defendant. William WADSWORTH, on behalf of himself and all others similarly situated, Harold A. Berggren, Peter W. Bauer, M.D., Jonathan Sonneborn, Joseph Donadio, M.D., Wayne Ray Cooper and Dixie R. Cooper, James Clark and Jane Clark, Lawrence W. Gough and Barbara E. Gough, Chester Gromala and Eleanor Gromala, George L. Bozzi and Marie R. Bozzi, Worth L. Cox and Virginia Cox, Walter A. Dommers and Evalyn A. Dommers, Richard E. Eaves and Mary Eaves, Jeanne D. Alexander, James D. Zandri and Anita M. Zandri, Walter J. Subsick, Orville R. Parks and Katherine E. Parks, Landon J. Osborn and Marcella J. Osborn, Frank J. Amadec and Annette A. Adamec, Jan Jamharian and Sara K. Jamharian, Bernie A. Kestler and Beverly C. Kestler, Jack D. Mainville and Caroline B. Mainville, Lester Maloney, Ric J. Morin and May I. Morin, Kelmer G. Oldre, Jr., and Barbara J. Oldre, Plaintiffs, v. Jeffrey S. SUNDERMAN, National Union Fire Insurance Company of Pittsburgh, Pa., RepublicBank, Dallas, N.A., and Arthur Andersen & Co., Defendants.

United States District Court, S.D. New York.

As Amended January 19, 1990.


Attorney(s) appearing for the Case

D'Amato & Lynch, New York City, for plaintiff Nat. Union Fire Ins. Co. of Pittsburgh, Pa.; John J. Cullen, Mitchell J. Winn and Geoffrey W. Heineman, of counsel.

Carmody & Torrance, New Haven, Conn., for defendants Cooper, Sonneborn, Donadio, Berggren, Bauer and plaintiffs Wadsworth, et al.; Anthony M. Fitzgerald, of counsel.

Stein, Zauderer, Ellenhord, Frischer & Sharp, New York City, for defendant Arthur Andersen & Co.; Bertrand C. Sellier, of counsel.


OPINION AND ORDER

STANTON, District Judge.

National Union Fire Insurance Company of Pittsburgh ("National Union"), an issuer of financial guarantee bonds, brings the first five of these six actions (the "Note cases")1 to enforce its indemnity agreements with limited partners in tax shelter limited partnerships, and to enforce its rights as subrogee on the limited partners' promissory notes which it honored on their behalf. National...

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