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SLOTTOW v. AMERICAN CAS. CO.

Nos. 91-55698, 91-55804.

10 F.3d 1355 (1993)

Ralph S. SLOTTOW; Fidelity Federal Bank, Plaintiffs-counter-defendants-Appellees, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant-counter-claimant-Appellant. Ralph S. SLOTTOW, Plaintiff-counter-defendant, and Fidelity Federal Bank, Plaintiff-counter-defendant-Appellant, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant-counter-claimant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided August 4, 1993.

As Amended on Denial of Rehearing and Suggestion for Rehearing December 6, 1993.

Attorney(s) appearing for the Case

Radcliff & West, Los Angeles, CA, and Barry R. Levy, Christina J. Imre, Stephen E. Norris, George P. Schiavelli, Horvitz & Levy, Encino, CA, for American Cas. Co. of Reading, Pa.

Dennis M. Perluss, Margot A. Metzner, Hufstedler, Kaus & Ettinger, Ralph B. Perry III, Lawrence S. Graven, Howard B. Brody, Graven Perry Block Brody & Qualls, Los Angeles, CA, for Fidelity Federal Bank.

Before: BROWNING, HUG, and KOZINSKI, Circuit Judges.

As Amended on Denial of Rehearing and Suggestion for Rehearing En Banc December 6, 1993.

KOZINSKI, Circuit Judge:

This coverage dispute between a bank and an insurance company involves a directors and officers' liability policy. The appeal raises various issues, the most significant among them being, under which circumstances is it appropriate to award punitive damages against an insurance company for choosing to contest coverage?

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