Ameriwood Industries International Corp. v. American Casualty Co. of Reading

OPINION RE DEFENDANT’S MOTION FOR SUMMARY JUDGMENT

HILLMAN, Senior District Judge.

I. INTRODUCTION

In this ease plaintiff Ameriwood Industries International Corporation, f/k/a Rospatch Corporation (“Rospatch”) seeks to recover under two consecutive directors’ and officers’ liability policies (D & 0 policies) issued by defendant American Casualty Company of Reading (“American Casualty”). The first policy was issued on October 10, 1988, (the “88/89 policy”) and the second on October 10, 1989, (the “89/90 policy”).

Rospatch is now moving for summary judgment as to American Casualty’s liability on…