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RESOLUTION TRUST CORP. v. ARTLEY

No. 93-8895.

24 F.3d 1363 (1994)

RESOLUTION TRUST CORPORATION, Plaintiff-Appellee, v. James M. ARTLEY, et al., Defendants, Third-Party Plaintiffs, Appellees, International Insurance Company, Inc., Defendant, Third-Party Defendant, Appellant, The Cincinnati Company, Defendant, Third-Party Defendants.

United States Court of Appeals, Eleventh Circuit.

July 7, 1994.

Attorney(s) appearing for the Case

James B. Gilbert, Jr., Lisa Godbey, Gilbert, Harrell, Gilbert, Sumerford & Martin, Brunswick, GA, Louis G. Corsi, Stephen Jacobs, William A. Edelson, Siff Rosen, New York City, for defendant-appellant.

Susan D. Burnell, John J. Almond, C.B. Rogers, Rogers & Hardin, Atlanta, GA, Donna Linn Crossland, Gilbert C. McLemore, Jr., Fendig, McLemore, Taylor & Whitworth, Brunswick, GA, for plaintiff-appellees.

Keith A. Hanson, Ellen B. Van Vechten, Hanson & Peters, Chicago, Il, for amicus curiae.

Before EDMONDSON, Circuit Judge, GODBOLD and JOHNSON, Senior Circuit Judges.

JOHNSON, Senior Circuit Judge:

Third-party defendant, International Insurance Company ("Appellant"), appeals the district court's denial of its motion for summary judgment. We reverse.

I. STATEMENT OF THE CASE

A. Background Facts

In 1984, Great Southern Federal Savings Bank ("Great Southern"), whose principal place of business is Savannah, Georgia, purchased a directors and officers liability...

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