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FIDELITY & DEPOSIT CO. OF MARYLAND v. CONNER

No. 91-2782.

973 F.2d 1236 (1992)

FIDELITY & DEPOSIT COMPANY OF MARYLAND, Plaintiff-Appellee Cross-Appellant, v. THOMAS R. CONNER, et al., Defendants-Appellants Cross-Appellees, and Federal Deposit Insurance Corporation, Defendant-Intervenor-Appellant Cross-Appellee.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing Denied December 2, 1992.

Attorney(s) appearing for the Case

W. Ralph Canada, Teresa E. Brown, Hopkins & Sutter, Dallas, Tex., Eugene J. Comey, Sean M. Fitzpatrick, Beth M. Bollinger, Washington, D.C., for FDIC.

Alvin Laser, Jennifer A. Bryant, Bruce D. Beach, Kruse & Laser, Houston, Tex., for Conner.

Barry G. Flynn, Mark W. Thayer, Houston, Tex., for Roger Mott.

Robert N. Hinton, Hinton & Cox, Houston, Tex., for Kovacs and Moreland.

Steven E. Halpin, Houston, Tex., for Christian and Poe.

Van E. McFarland, Houston, Tex., for Dressen, Goss & Trausch.

P. Michael Jung, Duncan L. Clore, Michael Keeley, Strasburger & Price, Dallas, Tex., for Fidelity & Deposit Co. of Maryland.

Paul D. Schoonover, Scott E. Hayes, Vial, Hamilton, Koch & Knox, Dallas, Tex., for National Union Fire Ins. Co. of Pittsburgh, Pa.

Barbara E. Etkind, Peter G. Thompson, Ross, Dixon & Masback, Washington, D.C., for Casualty Co. of Reading, Pa., and Intern. Ins. Co.

Before WISDOM, SMITH, and EMILIO M. GARZA, Circuit Judges.

Rehearing and Rehearing En Banc Denied December 2, 1992.

EMILIO M. GARZA, Circuit Judge:

The Federal Deposit Insurance Corporation ("FDIC") appeals a judgment declaring that Fidelity and Deposit Company of Maryland ("F & D") has no duty to provide coverage under a directors and officers ("D & O") liability insurance policy issued to Northwest Commercial Bank, N.A. ("the Bank") for claims brought by the FDIC against former Bank directors. Concluding...

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