Legal Opinion
McLaughlin v. National Union Fire Insurance
California Court of Appeal
Decided March 25, 1994No. A051115PublishedCited by 77 opinions
1Opinion of the Court
Opinion
ANDERSON, P. J.
Tills is an appeal from a multimillion dollar judgment in a bad faith action brought by 13 investors in Technical Equities Corporation (Technical Equities) against the company’s primary insurance carrier, National Union Fire Insurance Company of Pittsburgh, Pa. (National Union). Technical Equities, a diversified investment services company, financially collapsed in February 1986. Finding their investments substantially worthless after the company’s demise, hundreds of investors successfully sued the officers and directors of Technical Equities for fraud, negligent…
2Cases cited34 opinions
- People v. WatsonCalifornia Supreme Court · 1956
- Gray v. Zurich Insurance Co.California Supreme Court · 1966
- Bank of the West v. Superior CourtCalifornia Supreme Court · 1992
- Moradi-Shalal v. Fireman's Fund Ins. CompaniesCalifornia Supreme Court · 1988
- Ward v. TaggartCalifornia Supreme Court · 1959
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3Cited by77 opinions
- Waller v. Truck Insurance Exchange, Inc.California Supreme Court · 1995
- State Farm Fire & Casualty Co. v. GandyTexas Supreme Court · 1996
- Scottsdale Ins. Co. v. MV TRANSP.California Supreme Court · 2005
- Citizens for Open Access to Sand and Tide, Inc. v. Seadrift Ass'nCalifornia Court of Appeal · 1998
- Prakashpalan v. Engstrom, Lipscomb & LackCalifornia Court of Appeal · 2014
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