Fidelity & Deposit Co. of Maryland v. Conner
Court of Appeals for the Fifth Circuit
1Opinion of the Court
EMILIO M. GARZA, Circuit Judge:
The Federal Deposit Insurance Corporation (“FDIC”) appeals a judgment declaring that Fidelity and Deposit Company of Maryland (“F & D”) has no duty to provide coverage under a directors and officers (“D & 0”) liability insurance policy issued to Northwest Commercial Bank, N.A. ("the Bank”) for claims brought by the FDIC against former Bank directors. Concluding that (i) the FDIC’s claim does not constitute a derivative shareholder/depositor claim, (ii) public policy does not invalidate the D & 0 policy exclusions at issue, and (iii) the regulatory exclusion is…
2Cases cited37 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- United Paperworkers International Union v. Misco, Inc.Supreme Court of the United States · 1987
- W. R. Grace & Co. v. Local Union 759, International Union of the United Rubber, Cork, Linoleum & Plastic WorkersSupreme Court of the United States · 1983
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3Cited by15 opinions
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- RLI Insurance v. Union Pacific RailroadDistrict Court, S.D. Texas · 2006
- Federal Deposit Insurance Corporation v. American Casualty Company Of Reading, Pennsylvania, Inc.Court of Appeals for the Fourth Circuit · 1993
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