Chamberlin v. Smith

Opinion

CHAPMAN (R. D.), J . *

We are asked, in this appeal, to decide which of three insurance companies must bear a loss occasioned by a claim of negligence on the part of an attorney.

We need not decide whether the attorney was in fact negligent, because the insurance companies have settled the claim.

Richard and Barbara Chamberlin (hereinafter Chamberlins) and Harold E. Paul and Harold E. Paul, Jr. (hereinafter Pauls) were the principal stockholders of Larraburu Brothers, Inc. (hereinafter the corporation). The Pauls desired to acquire control of the Chamberlins’ stock. The parties agreed on…