KW BANCSHARES, INC. v. SYNDICATES OF UNDERWRITERS

No. 94-3081 M1/A.

965 F.Supp. 1047 (1997)

KW BANCSHARES, INC., and Federal Savings Bank (formerly Federal Savings Bank, West Memphis), Plaintiffs, v. SYNDICATES OF UNDERWRITERS AT LLOYD'S, London Subscribing Policy G538944, Defendant.

United States District Court, W.D. Tennessee, Western Division.

February 19, 1997.


Attorney(s) appearing for the Case

Patrick M. Ardis, Wolff Ardis, Memphis, TN, for Plaintiffs.

Joseph T. Getz, Less Getz & Lipman, Memphis, TN, Jill S. Giroir, Strasburger & Price, Dallas, TX, Duncan L. Clore, Strasburger & Price, L.L.P., Dallas, TX, for Defendant.


ORDER DENYING PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT AND GRANTING DEFENDANT'S MOTION FOR SUMMARY JUDGMENT

McCALLA, District Judge.

This matter is before the Court on the parties' cross-motions for summary judgment, filed September 3, 1996. For the reasons set forth below, plaintiffs' motion is DENIED, and defendant's motion is GRANTED.

BACKGROUND

The undisputed facts are as follows: On March 26, 1992, defendant issued a Savings and...

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