WAL-MART STORES, INC., a Delaware Corporation, and Wachovia Bank of Georgia, N.A., in its capacity as Trustee of the Wal-Mart Stores, Inc. Corporation Grantor Trust, Plaintiffs Below, Appellants,
v.
AIG LIFE INSURANCE COMPANY, a Delaware Corporation; Hartford Life Insurance Company, a Connecticut Corporation; Westport Management Services, Inc., a Delaware Corporation; International Corporate Marketing Group, LLC, a Delaware limited liability company; National Benefits Group, Inc., dba Marsh Financial Services, a Minnesota Corporation; Seabury & Smith, Inc., a Delaware Corporation; Marsh & McLennan National Marketing Corporation, now known as J & H Marsh & McLennan Private Client Services, Inc., a Delaware Corporation, Defendants Below, Appellees.
Supreme Court of Delaware.https://leagle.com/images/logo.png
Submitted: August 18, 2004.
Decided: November 4, 2004.
Attorney(s) appearing for the Case
Robert K. Payson and Gregory A. Inskip, of Potter Anderson & Corroon, L.L.P., Wilmington; Michael Y. Horton (argued) and David S. Cox, of Morgan, Lewis & Bockius, L.L.P., Los Angeles, CA; Paul A. Zevnik, of Morgan, Lewis & Bockius, L.L.P., Washington, DC, of counsel, for Appellants.
Richard D. Heins and Carolyn S. Hake, of Ashby & Geddes, Wilmington; James F. Jorden and Paul A. Fischer, of Jorden Burt, L.L.P., Washington, DC, of counsel, for Appellee AIG Life Insurance Company.
Elizabeth A. Wilburn, of Blank Rome, L.L.P., Wilmington; Ian M. Comisky and Roger F. Cox, of Blank Rome, L.L.P., Philadelphia, PA, of counsel, for Appellee National Benefits Group, Inc.
Edward P. Welch, Julie T. Saunders and Edward B. Micheletti, of Skadden, Arps, Slate, Meagher & Flom, L.L.P., Wilmington; Marco E. Schnabl and Michael S. Davi, of Skadden, Arps, Slate, Meagher & Flom, L.L.P., New York City, of counsel, for Appellees Marsh Financial Services, Seabury & Smith, Inc., Marsh, Inc., and Marsh & McLennan National Marketing Corporation, now known as J & H Marsh & McLennan Private Client Services.
R. Franklin Balotti, Lisa A. Schmidt and Michael R. Robinson, of Richards, Layton & Finger, P.A., Wilmington; Barry A. Chasnoff (argued), and David R. Nelson, of Akin Gump Strauss Hauer & Feld, L.L.P., San Antonio, TX; Michael Quigley and Jeffrey P. Kehne, of Akin Gump Strauss Hauer & Feld, L.L.P., Washington, DC; Michael Small, of Akin Gump Strauss Hauer & Feld, L.L.P., Los Angeles, CA, of counsel, for Appellees Hartford Life Insurance Company and International Corporate Marketing Group.
Before HOLLAND, BERGER and JACOBS, Justices.
Supreme Court of Delaware.
PER CURIAM:
On September 3, 2002, the plaintiff below-appellant, Wal-Mart Corporation ("Wal-Mart"), brought an action in the Court of Chancery. In its amended complaint Wal-Mart asserted legal and equitable claims arising out of insurance policies that Wal-Mart had purchased between 1993 and 1995 from the defendants, who are certain insurance brokers and insurance providers. The Court of Chancery granted the defendants' motion to dismiss the amended complaint, determining...
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