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F.D.I.C. v. UNDERWRITERS OF LLOYD'S OF LONDON

No. CIV.A. 95-CV-30061-MAP.

3 F.Supp.2d 120 (1998)

FEDERAL DEPOSIT INSURANCE CORPORATION, Receiver for Heritage Bank for Savings, v. UNDERWRITERS OF LLOYD'S OF LONDON FIDELITY BOND NUMBER 834/FB9010020, Syndicate Numbers 210, 839, 1067, 565 456, 204, 490, 1048, 1163, 624, 896, 638, 1053, 1145, 702, 113, 357, 323, 316, 989/279/650, 257, Generali Insurance Company.

United States District Court, D. Massachusetts.

April 17, 1998.

Attorney(s) appearing for the Case

Julian S. Greenspun, Storch & Brenner, Washington, DC, Leila R. Kern, Kern, Hagerty, Roach & Carpenter, Boston, MA, for Plaintiffs.

William T. Bogaert, Andrew F. Caplan, Morrison, Mahoney & Miller, Boston, MA, for Defendants.

MEMORANDUM REGARDING CROSS-MOTIONS FOR SUMMARY JUDGMENT (Docket Nos. 40, 46)

PONSOR, District Judge.

I. INTRODUCTION

The Federal Deposit Insurance Corporation ("FDIC") brings this action against certain underwriters of Lloyd's of London ("Underwriters") who subscribed to a banker's blanket bond issued in 1990 by Lloyd's to the now-defunct Heritage Bank for Savings ("Heritage"). Specifically, defendants are those underwriters and the...

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