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TRANSAMERICA CORP. v. RELIANCE INS. CO. OF ILL.

Civ. A. No. 94-645-SLR.

884 F.Supp. 133 (1995)

TRANSAMERICA CORPORATION, a corporation of the State of Delaware and TIG Insurance Company, a corporation of the State of California, Plaintiffs, v. RELIANCE INSURANCE COMPANY OF ILLINOIS and Certain Underwriters at Lloyds, London and Certain Insurance Companies in the London Market, Defendants.

United States District Court, D. Delaware.

May 15, 1995.

Attorney(s) appearing for the Case

Richard E. Poole, Peter J. Walsh, Jr., and Patricia A. Sabol, Potter Anderson & Corroon, Wilmington, DE, for plaintiffs.

Robert K. Beste, Jr., and David L. Finger, Biggs & Battaglia, Wilmington, DE (Wilson M. Brown, III, Robert A. Kosik, Susan M. Kennedy, Drinker Biddle & Reath, Philadelphia, PA, of counsel), for defendant Reliance Ins. Co. of Ill.

Allen M. Terrell, Jr., and Frederick L. Cotrell, III, Richards, Layton & Finger, Wilmington, DE (Edward T. Stork, Sedgwick Detert Moran & Arnold, Los Angeles, CA, of counsel), CA for defendants Certain Underwriters at Lloyds, London and Certain Ins. Co. in the London Market.

OPINION

SUE L. ROBINSON, District Judge.

I. INTRODUCTION

Plaintiff, Transamerica Corporation ("Transamerica"), incorporated in Delaware, provides financial services throughout the United States and is based in San Francisco, California. (D.I. 16 at 5) Until April of 1993, Transamerica had an ownership interest in TIG Insurance Company ("TIG")1, a California corporation with its main administrative offices in Texas....

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