Gulf Building Services, Inc. v. Travelers Indemnity Co.

REDMANN, Judge.

In 1970 Gulf Building Services, Inc. merged into Macke Building Services, Inc. At that time Gulf was involved in litigation (Lou-Con, Inc. v. Gulf Buildings Svcs., La. App. 4 Cir. 1973, 287 So.2d 192, writs refused, La., 290 So.2d 899 & 901) arising out of the 1968 destruction by a Gulf employee of a Gulf customer’s building. When that litigation’s judgment became definitive in 1974, Gulf brought this action against its insurer for damages from failure to settle under its liability policy, for benefits under an employee dishonesty policy, and for the value of a suspensive…