Royal Indemnity Company v. E. Louis Werner, Jr.

MORRIS SHEPPARD ARNOLD, Circuit Judge.

When two limited partnerships in which appellant had invested became unprofitable, he and other investors sued Irving Cohen, their general partner, for securities fraud. After summary judgment was entered in favor of Cohen, he filed a suit for malicious prosecution against appellant and the other plaintiffs in the fraud suit. Appellant had purchased a homeowner’s insurance policy (“Homeowner’s Policy”) and a personal liability policy (“VIP Policy”) from appellee, both of which covered claims brought against him for damages due to “personal injury ...…