Manley, Bennett, McDonald & Co. v. St. Paul Fire & Marine Insurance

OPINION AND ORDER

FEIKENS, District Judge.

Before me is St. Paul Fire & Marine Insurance Company’s (“St. Paul”) motion for rehearing of my June 22, 1992 Opinion and Order holding that St. Paul had a duty to indemnify Manley, Bennett, McDonald & Company (“MBM”) for amounts paid in settlement of underlying claims. 792 F.Supp. 1070. In my June 22, 1992 Opinion and Order in this case, I held that the Stockholder Blanket Bond and the Stockholders Partnership Bonds issued by St. Paul to MBM contained a duty to indemnify MBM for the amount paid in settlement of the underlying claims. As described in…