Legal Opinion
Mgic Indemnity Corp., and Continental Casualty Co. v. Central Bank of Monroe, La.
Court of Appeals for the Fifth Circuit
Decided March 7, 1988No. 87-4007PublishedCited by 40 opinions
1Opinion of the Court
E. GRADY JOLLY, Circuit Judge:
Central Bank of Monroe (“Central”) appeals a jury verdict in favor of MGIC Indemnity Corp. (“MGIC”), the issuer of its directors and officers liability insurance policy (“D & 0 policy”) and against Central’s claim under that policy. After careful examination of the record, we conclude that the arguments at trial and on appeal are based on erroneous theories, but that the district court should have granted a directed verdict for MGIC based upon the undisputed facts. We therefore affirm.
I
United Machinery Services, a small family-owned business, was a customer of…
2Cases cited5 opinions
- Hallman v. Marquette Casualty CompanyLouisiana Court of Appeal · 1963
- Payton v. St. JohnLouisiana Court of Appeal · 1966
- JC BARNES v. Lumbermen's Mutual Casualty Co.Louisiana Court of Appeal · 1975
- Heimbaugh v. Federal Insurance CompanyLouisiana Court of Appeal · 1973
- Menard v. Citizens Insurance Co. of New JerseyLouisiana Court of Appeal · 1966
3Cited by40 opinions
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- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Gus S. Mijalis, and Gus S. MijalisCourt of Appeals for the Fifth Circuit · 1994
- Federal Deposit Insurance Corporation v. J. William OldenburgCourt of Appeals for the Tenth Circuit · 1994
- Peavey Co. v. M/V ANPACourt of Appeals for the Fifth Circuit · 1992
- Auster Oil & Gas, Inc. v. StreamCourt of Appeals for the Fifth Circuit · 1990
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