State v. Herrmann

(dissenting)—This action was instituted against the then Insurance Commissioner Karl Herrmann and his wife, and the companies which provided his official bond. Also named as defendants were certain individuals and companies engaged in the business of insurance in this state, an individual who allegedly purchased an asset of one of these companies then in receivership, an individual appointed by the Commissioner to conduct the receivership and to perform other services, and an individual who allegedly received payments of state funds under a contract with *357the Insurance Commissioner during the…