International Insurance v. Johns

FINAL ORDER, FINDINGS OF FACT AND CONCLUSIONS OF LAW

MARCUS, District Judge.

This action was brought by Plaintiff, International Insurance Company, seeking a declaratory judgment that it has no obligation in connection with a claim under a director’s and officer’s liability insurance policy. The Defendants, insureds under the insurance policy, have counterclaimed seeking a declaration that Plaintiff is liable under the policy as well as reimbursement for their losses. Specifically, the Defendants seek to be reimbursed under the insurance policy for the amount that was expended in the settlement…