Berg v. First State Insurance
Court of Appeals for the Ninth Circuit
1Opinion of the Court
LEAVY, Circuit Judge:
OVERVIEW
Six former directors of the Getty Oil Company (Getty Oil) appeal from the district court’s grant of summary judgment in favor of the appellees, First State Insurance Company (First State) and Harbor Insurance Company (Harbor) (collectively, the insurers). The directors claim their liability insurance policies were wrongfully cancelled when the insurers learned of the directors’ potential liability for in excess of $10 billion on shareholder derivative suits as a result of the Texaco/Pennzoil battle for control of Getty Oil.
The directors sued the insurers for the…
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