F.D.I.C. v. BOOTH

No. 94-30707.

82 F.3d 670 (1996)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellant, Cross-Appellee, v. Burnice E. BOOTH, et al., Defendants, Burnice E. BOOTH, et al., Defendants, Cross Claimants, Plaintiffs-Appellants, and Burnice E. Booth, et al., Defendants, Cross Claimants, Plaintiffs-Appellants, Cross-Appellees, v. The ST. PAUL INSURANCE COMPANY, Defendant, Cross Defendant-Appellee, Cross Appellant.

United States Court of Appeals, Fifth Circuit.

May 14, 1996.


Attorney(s) appearing for the Case

Todd A. Rossi, Mathile W. Abramson, Kean, Miller, Hawthorne, D'Armond, McCowan & Jarman, Baton Rouge, LA, for Booth, Price, Parker & Varnado.

L. Jerome Stanley, Baton Rouge, LA, for M.W. Brignac.

John Ashley Moore, Taylor, Porter, Brooks & Phillips, Baton Rouge, LA, for Holland & Coxe.

Thomas E. Balhoff, Mathews, Atkinson, Guglielmo, Marks & Day, Baton Rouge, LA, for Walker, Simoneaux & Peek.

Marvin E. Owen, Baton Rouge, LA, for Scott.

Larry M. Roedel, David Wooldridge, Roedel, Parson, Forrester, Hill & Koch, Baton Rouge, LA, for Smith.

William H. Patrick, III, Schwab & Walter, Baton Rouge, LA, for Hughes.

Kyle M. Keegan, Victor L. Roy, III, Roy, Kiesel & Tucker, Baton Rouge, LA, J. Scott Watson, Christopher J. Bellotto, Washington, DC, for FDIC.

M. Grace Ratnesar, Gary J. Rouse, Koch & Rouse, New Orleans, LA, for St. Paul Ins. Co.

Before DeMOSS and DENNIS, Circuit Judges, and DUPLANTIER, District Judge.


DUPLANTIER, District Judge:

The Federal Deposit Insurance Corporation ("The FDIC") and the directors of a failed bank appeal the district court's judgment dismissing their suit against St. Paul Insurance Co. The district court concluded that the defendant insurer's directors and officers liability insurance policy did not provide coverage for the activities of the directors for which the FDIC seeks recompense. We find no error in the district court's ruling and AFFIRM...

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