Federal Deposit Insurance v. Continental Casualty Co.
District Court, D. Oregon
1Opinion of the Court
OPINION
REDDEN, Chief Judge:
BACKGROUND
On September 24, 1982, the MGIC Indemnity Corp. issued a Directors’ and Officers’ Liability Insurance Policy (MGIC Poli cy) to the Bank of the Northwest (Bank), a bank in Eugene, Oregon, providing defense and insurance coverage for wrongful acts of the Bank’s officers and directors and indemnity coverage for the Bank. The Policy period ran from September 24, 1982 to September 24, 1983. In September 1983, MGIC notified the Bank that it was not renewing the Policy. The Bank elected to purchase “extended discovery” coverage pursuant to paragraph 2(B) of the…
2Cases cited22 opinions
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- W. R. Grace & Co. v. Local Union 759, International Union of the United Rubber, Cork, Linoleum & Plastic WorkersSupreme Court of the United States · 1983
- United States v. MendozaSupreme Court of the United States · 1984
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3Cited by16 opinions
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- Paul Laforge v. The American Casualty Company of Reading, PennsylvaniaCourt of Appeals for the Tenth Circuit · 1994
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