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McLAUGHLIN v. NATIONAL UNION FIRE INS. CO.

Docket No. A051115.

23 Cal.App.4th 1132 (1994)

29 Cal. Rptr.2d 559

GRACE McLAUGHLIN 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.

March 25, 1994.

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, Peter Abrahams and Stephen E. Norris for Defendent and Appellant.

Cotchett, Illston & Pitre, Joseph W. Cotchett, Susan Illston, Marie Seth Weiner, Morgan, Ruby, Schofield, Franich & Fredkin, Allen J. Ruby, Lexie D. Schroeder, Crosby, Heafey, Roach & May, Ronald L. Murov, Howard A. Janssen, Thomas T. Anderson and Samuel Trussell for Plaintiffs and Respondents.

OPINION

ANDERSON, P.J.

This is an appeal from a multimillion dollar judgment in a bad faith action brought by 13 investors in Technical Equities Corporation (Technical Equities) against the company's primary insurance carrier, National Union Fire Insurance Company of Pittsburgh, Pa. (National Union). Technical Equities, a diversified investment services company, financially collapsed...

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