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KLEIN v. FIDELITY

No. 1535, Sept. Term, 1996.

700 A.2d 262 (1997)

117 Md. App. 317

Gerald S. KLEIN, et al. v. FIDELITY & DEPOSIT COMPANY OF AMERICA.

Court of Special Appeals of Maryland.

September 24, 1997.

Attorney(s) appearing for the Case

James P. Ulwick (Severn E.S. Miller and Kramon & Graham, P.A., on the brief), Baltimore, for appellants.

Robert M. Wright (John V. Church and Whiteford, Taylor & Preston, L.L.P., on the brief), Baltimore, for appellee.

Argued before SALMON, EYLER and SONNER, JJ.

SALMON, Judge.

The major challenge presented in this case is to interpret correctly the meaning of the term "claim" as used in a "claims made" directors' and officers' liability insurance policy.1

The dispute that gives rise to this issue had its origin in the 1985 Savings and Loan debacle, which ultimately cost Maryland taxpayers over $125,000,000.2 One of the largest

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