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HARTFORD CAS. INS. CO. v. F.D.I.C.

No. 93-2367.

21 F.3d 696 (1994)

HARTFORD CASUALTY INSURANCE COMPANY, Hartford Fire Insurance Company, Hartford Accident and Indemnity Company, Hartford Insurance Company of the Midwest, Hartford Underwriters Insurance Company, and Twin City Fire Insurance Company, Petitioners, v. The FEDERAL DEPOSIT INSURANCE CORPORATION, in its Corporate Capacity and in its Capacity As Receiver for Texas Investment Bank, N.A. of Houston, Texas, Respondent.

United States Court of Appeals, Fifth Circuit.

June 1, 1994.

Attorney(s) appearing for the Case

James D. Cupples, Williams, Cupples & Chapman, Houston, TX, for petitioners.

Thomas Holzman, Washington, DC, for respondent.

Before HIGGINBOTHAM and WIENER, Circuit Judges, KAUFMAN, District Judge.

KAUFMAN, District Judge.

Plaintiffs ("Hartford") are six corporate entities, each affiliated with the ITT Hartford Insurance Group of Companies. In February 1984, Hartford Accident & Indemnity Co., one of those six entities, furnished a performance bond for Morchem Resources, Inc. ("Morchem") to secure a project undertaken by Morchem for Peoples Gas System, Inc. ("Peoples"), the obligee under the bond. Morchem contracted with Peoples to remove and to dispose of...

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