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ABELSON v. NATIONAL UNION FIRE INS. CO.

Docket No. A053939.

28 Cal.App.4th 776 (1994)

35 Cal. Rptr.2d 13

MARK ABELSON et al., Plaintiffs and Appellants, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Defendant and Appellant.

Court of Appeals of California, First District, Division Four.

September 26, 1994.

Attorney(s) appearing for the Case

COUNSEL

Cotchett, Illston & Pitre, Joseph W. Cotchett, Susan Illston, Marie Seth Weiner, Thomas T. Anderson & Associates, Thomas T. Anderson, Samuel Trussell, Morgan, Ruby, Schofield, Franich & Fredkin and Allen J. Ruby for Plaintiffs and Appellants.

Pettit & Martin, D. Wayne Jeffries, Saul D. Bercovitch, Stroock & Stroock & Lavan, Michael F. Perlis, Robinson & Wood, Archie S. Robinson, Thomas R. Fellows, Horvitz & Levy, Ellis J. Horvitz, Peter Abrahams, Stephen E. Norris and Lisa Perrochet for Defendant and Appellant.

OPINION

ANDERSON, P.J. —

I. INTRODUCTION

A. Background

This is an appeal and cross-appeal from the second multimillion dollar judgment rendered in bad faith actions brought by investors in Technical Equities Corporation (Technical Equities) against National Union,1 the company's primary insurance carrier. Respondents and cross-appellants herein are the plaintiff-investors...

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