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HELFAND v. NATIONAL UNION FIRE INS. CO.

Docket No. A049442.

10 Cal.App.4th 869 (1992)

13 Cal. Rptr.2d 295

LEONARD HELFAND et al., Plaintiffs and Respondents, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Defendant and Appellant.

Court of Appeals of California, First District, Division Four.

October 28, 1992.

Attorney(s) appearing for the Case

COUNSEL

Pettit & Martin, D. Wayne Jeffries, Saul D. Bercovitch, Robinson & Wood, Archie S. Robinson, Thomas R. Fellows, Stroock, Stroock & Lavan, Michael F. Perlis, Horvitz & Levy, Ellis J. Horvitz and Peter Abrahams for Defendant and Appellant.

Ross, Dixon & Masback, Barbara E. Etkind and F. Clinton Broden as Amici Curiae on behalf of Defendant and Appellant.

Cotchett, Illston & Pitre, Joseph W. Cotchett, Susan Illston, Marie Seth Weiner, Morgan, Ruby, Schofield, Franich & Fredkin, Allen J. Ruby, Lexie D. Schroeder, Remcho, Johansen & Purcell, Joseph Remcho, Robin B. Johansen, Karen Getman, Wendy S. Stimling, Thomas T. Anderson, Samuel Trussell, Crosby, Heafey, Roach & May, Ronald L. Murov, Howard A. Janssen, Severson & Werson, Gerald J. Buchwald, Michael B. Murphy and Elizabeth A. Syufy for Plaintiffs and Respondents.

OPINION

ANDERSON, P.J. —

I. INTRODUCTION AND BACKGROUND

This appeal is but one round in the complex, bitter legal battle between the defrauded investors of Technical Equities Corporation (Technical Equities) and its insurer — appellant National Union Fire Insurance Company of Pittsburgh, Pa. (National Union). At stake are millions of dollars in insurance proceeds to pay for claims which the investors pursued...

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