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AMERICAN CAS. CO. v. CONTINISIO

Nos. 93-5245, 93-5248, 93-5255, 93-5256 and 93-5259.

17 F.3d 62 (1994)

Resolution Trust Corporation, receiver for Hansen Savings Bank, SLA, Receiver. AMERICAN CASUALTY CO. OF READING, PENNSYLVANIA; Continental Casualty Co., Plaintiffs, v. Nicholas CONTINISIO; Peter T. Ranere, Jr.; Charles A. Crowley; Robert E. Small; Estate of A. Lance Littlefield; John Alden Miller; Andrew G. Berenato; James C. Henry, Jr.; James D. Rodio; John Nelson Ake; Joseph Caruso; James Gorab; Frank J. Grasso; Federal Deposit Insurance Corporation; John Machise, Defendants. Federal Deposit Insurance Corporation, Appellant No. 93-5245. Peter T. Ranere, Jr.; Estate of A. Lance Littlefield; John Alden Miller; James C. Henry, Jr.; John Nelson Ake, Appellants No. 93-5248. Nicholas Continisio, Appellant No. 93-5255. Andrew G. Berenato; James D. Rodio; Robert E. Small; John Machise, Appellants No. 93-5256. Joseph Caruso, Appellant No. 93-5259.

United States Court of Appeals, Third Circuit.

Decided February 28, 1994.

Attorney(s) appearing for the Case

Eugene J. Comey (Argued), Robert F. Schiff, Katherine Connor Linton, Comey & Boyd, Washington, DC, Edward F. Mannino Mannino, Walsh & Griffith, Philadelphia, PA, Ann S. DuRoss, Colleen B. Bombardier, Maria Beatrice Valdez, James P. Flannery, Federal Deposit Insurance Corp. Washington, DC, Attorneys for Appellant Federal Deposit Insurance Corporation.

Richard A. Simpson (Argued), Merril Hirsh, Stephen W. Funk, Ross, Dixon & Masback, Washington, DC, Gerald T. Ford, Siff Rosen, Newark, NJ Attorneys for Appellees American Casualty Company of Reading, Pennsylvania and Continental Casualty Company.

Before: MANSMANN, NYGAARD and SEITZ, Circuit Judges.

OPINION OF THE COURT

SEITZ, Circuit Judge.

The Federal Deposit Insurance Corporation ("FDIC") appeals from a summary judgment finding no insurance coverage of the former directors and officers of a failed thrift, First Federal Savings and Loan Association of Hammonton, New Jersey ("First Federal"). The district court had federal question jurisdiction over this declaratory judgment action under 28 U.S.C. § 1331 construed with 12 U.S.C. § 1819(b...

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