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WEDTECH CORP. v. FEDERAL INS. CO.

No. 89 CIV 6192 (LBS).

740 F.Supp. 214 (1990)

WEDTECH CORP., f/k/a Welbilt Electronics Die Corp., and the Official Committee of Unsecured Creditors of Wedtech f/k/a Welbilt Electronic Die Corp., Plaintiffs, v. FEDERAL INSURANCE COMPANY, Defendant.

United States District Court, S.D. New York.

June 11, 1990.

Attorney(s) appearing for the Case

Pollner, Mezan, Stolzberg, Berger & Glass, P.C., New York City, for plaintiff Wedtech Corp.

Stroock & Stroock & Lavan, New York City, for plaintiff Official Committee of Unsecured Creditors of Wedtech; Carla T. Main and Brian M. Cogan, of counsel.

Wolf Popper Ross Wolf & Jones, New York City, for Shareholder Class Action plaintiffs; Ellen P. Chapnick, of counsel.

Wilson, Elser, Moskowitz, Edelman & Dicker, New York City, for defendant Federal Ins. Co.; Thomas W. Wilson, Jonathan C. Thau, Dennis Justin Kelly, and John F. McCarrick, of counsel.

OPINION

SAND, District Judge.

This action arises from a dispute concerning two policies for directors and officers liability insurance which obligated an insurance company to pay certain losses for which an insured corporation indemnified its officers and directors. The defendant insurance company moves to dismiss on the grounds that plaintiffs' single claim for a declaratory judgment that the policies are not...

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