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PENDERGEST-HOLT v. CERTAIN UNDERWRITERS AT LLOYD'S

No. 10-20069.

600 F.3d 562 (2010)

Laura PENDERGEST-HOLT; R. Allen Stanford; Gilbert Lopez, Jr.; Mark Kuhrt, Plaintiffs-Appellees, v. CERTAIN UNDERWRITERS AT LLOYD'S OF LONDON and Arch Specialty Insurance Co., Defendants-Appellants, United Policyholders, Amicus Curiae.

United States Court of Appeals, Fifth Circuit.

As Revised March 16, 2010.

Attorney(s) appearing for the Case

Lee Howard Shidlofsky (argued), Alan Mark Cohen, Visser Shidlofsky, L.L.P., Austin, TX, for all Plaintiffs-Appellees.

Kenneth Eugene Broughton, Jr., Haynes & Boone, L.L.P., Houston, TX, for Pendergest-Holt.

Henry James Fasthoff, IV, Stumpf Farrimond, P.C., Houston, TX, for Stanford.

Douglas Paul Skelley, Visser Shidlofsky, L.L.P., Austin, TX, for Stanford, Lopez and Kuhrt.

Rex S. Heinke (argued), L. Rachel Helyar, Akin, Gump, Strauss, Hauer & Feld, L.L.P., Los Angeles, CA, Barry Alan Chasnoff, Daniel McNeel Lane, Jr., Ricky H. Rosenblum, Akin, Gump, Strauss, Hauer & Feld, L.L.P., San Antonio, TX, for Defendants-Appellants.

John N. Ellison, Reed Smith, L.L.P., Philadelphia, PA, Jill N. Averett, New York City, for United Policyholders, Amicus Curiae.

Before HIGGINBOTHAM, CLEMENT and SOUTHWICK, Circuit Judges.

PATRICK E. HIGGINBOTHAM, Circuit Judge:

In this insurance coverage dispute, various insureds—each faced with civil and criminal allegations that they engaged in a massive Ponzi scheme—seek reimbursement of defense costs under a directors' and officers' liability policy from the policy's underwriters. The district court entered a preliminary injunction ordering reimbursement of defense costs pending its further order. We stayed the order; granted the...

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