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AMERICAN TITLE INS. CO. v. EAST WEST FINANCIAL

Nos. 93-1464, 93-1506.

16 F.3d 449 (1994)

AMERICAN TITLE INSURANCE COMPANY, Plaintiff, Appellant, v. EAST WEST FINANCIAL, et al., Defendants, Appellees. AMERICAN TITLE INSURANCE COMPANY, Plaintiff, Appellee, v. EAST WEST FINANCIAL, et al., Defendants, Appellees, Bay Loan and Investment Bank, Defendant, Appellant.

United States Court of Appeals, First Circuit.

Decided February 22, 1994.

Attorney(s) appearing for the Case

Max Wistow, with whom Stephen P. Sheehan, Providence, RI and Wistow & Barylick Incorporated were on brief for plaintiff.

Howard E. Walker, Providence, RI with whom Hinckley, Allen & Snyder were on brief for defendant, Bay Loan and Investment Bank.

Before SELYA, Circuit Judge, BOWNES, Senior Circuit Judge, and CYR, Circuit Judge.

BOWNES, Senior Circuit Judge.

Plaintiff American Title Insurance Company ("American Title") commenced this action under 28 U.S.C. §§ 2201 and 2202 seeking a declaratory judgment that it was not liable under lender title insurance policies issued to defendants Bay Loan & Investment Bank ("Bay Loan") and East West Financial Corporation ("East West"). Bay Loan and East West counterclaimed for breach of contract and bad faith refusal to pay and sought payment...

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