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NODAWAY VALLEY BANK v. CONTINENTAL CAS. CO.

No. 89-2185WM.

916 F.2d 1362 (1990)

The NODAWAY VALLEY BANK, Appellee, v. CONTINENTAL CASUALTY COMPANY, Appellant.

United States Court of Appeals, Eighth Circuit.

Decided October 16, 1990.

Attorney(s) appearing for the Case

Michael P. Tone, Chicago, Ill., for appellant.

Paul E. Vardeman, Kansas City, Mo., for appellee.

Before JOHN R. GIBSON and BOWMAN, Circuit Judges, and HENLEY, Senior Circuit Judge.

JOHN R. GIBSON, Circuit Judge.

The Nodaway Valley Bank brought this diversity action to recover a settlement payment and attorney's fees from Continental Casualty Company, which issued a liability policy that covered only Nodaway Valley's directors and officers. The insured individuals, together with certain uninsured corporations and individuals, paid $500,000 to settle a suit brought by the United Missouri Bank and also incurred a total of $300,497 in attorneys...

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