In re AMBASSADOR GROUP, INC. LITIGATION.
NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Plaintiff,
v.
AMBASSADOR GROUP, INC., et al., Defendants.
United States District Court, E.D. New York.https://leagle.com/images/logo.png
May 10, 1990.
May 10, 1990.
Attorney(s) appearing for the Case
Kenneth A. Sagat, Andrew R. Simmonds, D'Amato & Lynch, New York City, for plaintiff.
Edward Yodowitz, Richard Simon, Neal Roher, Skadden, Arps, Slate, Meagher & Flom, New York City, for defendants Ambassador Group, Inc., Arnold Chait, Doris Chait, Edward Chait, Douglas M. Auster, Joseph F. Maresca and Richard A. Tafro.
Richard B. Whitney, Fordham E. Huffman, Jones, Day, Reavis & Pogue, Cleveland, Ohio, and Columbus, Ohio, for defendant Gretchen Babcock, Com'r of Banking and Ins. for the State of Vt., as Receiver for Ambassador Ins. Co., Inc.
R. Mark Keenan, Anna S. Chako, Philippa M. Haggar, Anderson, Kill, Olick & Oshinsky, New York City, for defendant James P. Corcoran as Superintendant of Ins. of the State of N.Y. as Liquidator for Horizon Ins. Co., Inc.
Ralph C. Dawson, Fulbright Jaworski & Reavis McGrath, New York City, for defendants Daniel Hirsch, Winfield Jones and William Sterns III.
Robert A. Wolf, Judy Nathan, Robinson Silverman Pearce Aronsohn & Berman, New York City, for defendant Jay Wells.
Jules Ritholz, James C. Sherwood, Kostelanetz Ritholz Tigue & Fink, New York City, for defendants Sol Kroll and Edward M. Cameron, III.
United States District Court, E.D. New York.
MEMORANDUM AND ORDER
DEARIE, District Judge.
BACKGROUND
Plaintiff National Union Fire Insurance Company of Pittsburgh, Pa. ("National Union") is the liability insurer of the directors and officers of Ambassador Group, Incorporated ("Ambassador Group"), an insurance holding company whose two principal subsidiaries, Ambassador Insurance Company and Horizon Insurance Company, are presently in receivership. National Union brought this statutory interpleader...
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