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  5. 736 F.Supp. 643 (1990)
 

U. OF MD. AT BALTIMORE v. PEAT, MARWICK, MAIN

Civ. A. No. 89-6289.

736 F.Supp. 643 (1990)

The UNIVERSITY OF MARYLAND AT BALTIMORE, Andrew R. Burgess, M.D., Sea Quest, Inc. and the School Board of Palm Beach County Florida, for Themselves and all Others Similarly Situated, Plaintiffs, v. PEAT, MARWICK, MAIN & COMPANY, Defendant.

United States District Court, E.D. Pennsylvania.

May 9, 1990.

Attorney(s) appearing for the Case

Howard E. Kohn and David H. Weinstein, Kohn, Savett, Klein, & Graf, P.C., Philadelphia, Pa., and Richard A. Brown, Spiegel & McDearmid, Washington, D.C., for plaintiffs.

Richard DiSalle, Roger Curran and Susan M. Malone, Rose, Schmidt, Hasley, & DiSalle, Pittsburgh, Pa., for the Ins. Com'r.

John W. Frazier, IV, John E. Caruso and Richard C. Placey, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., for defendant.

MEMORANDUM

ROBERT F. KELLY, District Judge.

In 1986, a Pennsylvania insurance company called Mutual Fire was declared insolvent by the Insurance Commissioner and placed into rehabilitation proceedings. A step-by-step description of the machinations unloosed by the Mutual Fire proceedings is probably beyond the ability of this Court to relate. But for the purposes of this case, one subset of developments is the most important.1

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