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PARKING CONCEPTS, INC. v. TENNEY

No. CV-02-0439-PR.

83 P.3d 19 (2004)

207 Ariz. 19

PARKING CONCEPTS, INC., an Arizona corporation; John K. Tillison; and Lawrence Tantillo, Plaintiffs-Appellees, v. Gary TENNEY and his wife, Dee Tenney; Scott Jackson Brokerage, Inc., an Arizona corporation, Defendants-Appellees, and Gulf Underwriters Insurance Co., a Missouri corporation, Garnishee-Appellant. Gulf Underwriters Insurance Co., a Missouri corporation, Plaintiff-Appellant, v. Parking Concepts, Inc., an Arizona corporation; John K. Tillison; Lawrence Tantillo; Gary Tenney and his wife, Dee Tenney; Scott Jackson Brokerage, Inc., an Arizona corporation; and Core/Jackson, Inc., an Arizona corporation, Defendants-Appellees.

Supreme Court of Arizona, En Banc.

January 14, 2004.

Attorney(s) appearing for the Case

Hopkins & Kreamer, L.L.P. by Joseph C. Kreamer, Stephen M. Hopkins, Phoenix, Attorneys for Parking Concepts, Inc., Tillison, and Tantillo.

Wright & Associates by Lawrence C. Wright, Lee Allen Johnson, Mesa, Attorneys for Tenney and Scott Jackson Brokerage, Inc.

Jardine, Baker, Hickman & Houston by Gerald T. Hickman, Phoenix, Attorneys for Gulf Underwriters Insurance Company.

OPINION

HURWITZ, Justice.

¶ 1 In holding that a judgment stipulated to pursuant to a Morris agreement was reasonable, the superior court in this case relied on the fact that the insureds could have lost their real estate licenses as a consequence of an adverse result in the underlying action. We granted review to decide whether such potential consequences to an insured should be considered in determining the reasonableness of a Morris...

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