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QUINLAN v. LIBERTY BANK AND TRUST CO.

No. 89-C-1644.

575 So.2d 336 (1990)

Bill QUINLAN, Pat Quinlan, Lennard Lapuyade, Johanna Lapuyade, Fabio J. Canton on Behalf of and/or Michael McCullar, F. King McGoey, Karen McGoey, Justin J.W. Hendricks and Matthew F. Rice, Jr. on Behalf of his minor son, Bryan M. Rice, v. LIBERTY BANK AND TRUST COMPANY and the St. Paul Insurance Company, Houston, Texas.

Supreme Court of Louisiana.

Rehearing Granted September 13, 1990.

On Rehearing March 11, 1991.

Attorney(s) appearing for the Case

William W. Miles, Lemann, O'Hara & Miles, New Orleans, for all plaintiff-applicants.

Harvey C. Koch, Gary J. Rouse, Mishthi G. Ratnesar, Koch & Rouse, New Orleans, for St. Paul Fire & Marine Ins. Co., defendant-respondent.

Stephen G. Bullock and Cecilia C. Woodley, New Orleans, amicus curiae.

WATSON, Justice.

The issue is whether plaintiffs have a right of direct action against defendant, St. Paul Insurance Company, under the Louisiana Direct Action Statute1 in connection with a "Directors' and Officers' Liability Policy"2 issued by St. Paul to Liberty Bank and Trust Company.

FACTS

Plaintiffs filed suit alleging that the bank and its...

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