CALIFORNIA UNION INS. v. AMERICAN DIVERSIFIED SAV.

No. 89-55013.

914 F.2d 1271 (1990)

CALIFORNIA UNION INSURANCE CO.; Pacific Employers Insurance Company, Plaintiffs, v. AMERICAN DIVERSIFIED SAVINGS BANK; American Diversified Company; ADC Financial Corp.; American Diversified Partners; American Development Corporation; American Diversified Equity Corporation; Lester G. Day; Mission National Insurance Company; Federal Insurance Company; Fireman's Fund Insurance Company; Industrial Indemnity; American Diversified Investment Corporation, Defendants, American Diversified Capital Corporation; Federal Savings and Loan Insurance Corporation, as Conservator for American Diversified Capital Corporation, and Ranbir S. SAHNI, Third-Party Plaintiff-Appellant, v. HARBOR INSURANCE COMPANY, Third-Party Defendant-Appellee, and National Union Fire Insurance Company of Pittsburgh, Pennsylvania; Certain Underwriters at Lloyds, London, Defendants/Cross-Defendants.

United States Court of Appeals, Ninth Circuit.

Decided September 17, 1990.


Attorney(s) appearing for the Case

Michael G. Dawe, Irvine, Cal., for third-party plaintiff-appellant.

Michael C. Denison and Charles G. Smith, Kinsella, Boesch, Fujikawa and Towle, Los Angeles, Cal., for third-party defendant-appellee.

Before HUG, SCHROEDER and HALL, Circuit Judges.


SCHROEDER, Circuit Judge:

This appeal represents a small piece of major ongoing litigation over who should bear losses sustained in the collapse of still another thrift institution insured by the Federal Savings and Loan Insurance Corporation ("FSLIC"). Appellant here is Ranbir S. Sahni, a former director of American Diversified Savings Bank ("ADSB") who is seeking to hold the appellee, Harbor Insurance Company ("Harbor") liable for amounts he may be found to owe...

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