Hyde v. Fidelity & Deposit Co. of Maryland

MEMORANDUM OPINION

JOSEPH H. YOUNG, Senior District Judge.

I

This matter is before the Court on the parties’ cross-motions for summary judgment. The action arises out of a demand for attorneys fees by the former directors [hereinafter “Directors”] of Liberty Financial Corporation and Liberty Savings Bank under a directors and officers liability policy [hereinafter “Policy”] issued by Fidelity and Deposit Company of Maryland [hereinafter “Fidelity”]. The attorneys fees were incurred in connection with an investigation of the Directors instituted by the Resolution Trust Corporation [hereinafter…