Lomas & Nettleton Co. v. Huckabee

This is an action for breach of trust against the mortgage escrow account management firm, Lomas & Nettleton. The plaintiffs and mortgagors, Marion and Doris Huckabee, originally sued another defendant, American States Insurance Company, on the theory that the standard homeowners policy issued by American States to the plaintiffs validly covered the Huckabees’ fire loss of personalty. The plaintiffs then added as defendants the mortgage account management firm, Lo-mas & Nettleton. The theory against Lo-mas & Nettleton was that if the American States policy was invalid, its invalidity was…