First Nat. Bank of Ottawa v. Lloyd's of London

KERNER, Circuit Judge.

Plaintiff, First National Bank of Ottawa, sued Lloyd’s of London upon a policy of insurance. Lloyd’s denied liability and filed a third-party complaint seeking contribution from Franklin Fire Insurance Company of Philadelphia and five other in surance companies, claiming the six companies were co-insurers. The District Court, upon a trial without a jury, held, against Lloyd’s, denied their right to contribution from the six insurance companies, dismissed the third party complaint, assessed plaintiffs damages at $60,000 and rendered judgment against defendant Arthur Burns…