Legal Opinion
Federal Deposit Insurance Corp. v. Mmahat
Court of Appeals for the Fifth Circuit
Decided August 3, 1990No. 89-3160PublishedCited by 4 opinions
1Opinion of the Court
GARZA, Circuit Judge:
General counsel for a now-defunct savings and loan, and his law firm, were found liable for legal malpractice through a jury verdict for $35 million. The district court held that their conduct was excluded from their malpractice insurance coverage. 97 B.R. 293. Because the law firm was adjudged dishonest by the jury, we AFFIRM the exclusion from coverage, but we REMAND this cause to the district court to give credit for amounts paid by settling defendants before trial.
FACTS
John Mmahat, a partner in Mmahat & Duffy, was general counsel for Gulf Federal, a…
2Cases cited18 opinions
- Carey Lumber Company, a Corporation v. Thomas Hugh BellCourt of Appeals for the Fifth Circuit · 1980
- Lubbock Feed Lots, Inc., and Lockney Cooperative Gin v. Iowa Beef Processors, Inc.Court of Appeals for the Fifth Circuit · 1980
- In the Matter of Christopher Wallace Boyle, Debtor. Christopher Wallace Boyle v. Abilene Lumber, Inc.Court of Appeals for the Fifth Circuit · 1987
- Louis P. Singer, as Successor in Interest to Troster, Singer & Co., Cross-Appellant v. Olympia Brewing Company, Cross-AppelleeCourt of Appeals for the Second Circuit · 1989
- United States v. Jack GravesCourt of Appeals for the Fifth Circuit · 1982
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3Cited by4 opinions
- Federal Deposit Insurance Corporation, as Manager of the Fslic Resolution Fund, (Substituted for Federal Savings and Loan Insurance Corporation, Etc.,) v. John A. Mmahat and Mmahat & Duffy, Federal Deposit Insurance Corporation, as Manager of the Fslic Resolution Fund, (Substituted for Federal Savings and Loan Insurance Corporation, Etc.,) Cross-Appellee v. New England Insurance Co., Cross-AppellantCourt of Appeals for the Fifth Circuit · 1990
- Sigma Financial Corp. v. American International Specialty Lines InsuranceDistrict Court, E.D. Michigan · 2001
- United States v. GaubertSupreme Court of the United States · 1991
- Deodati v. M.M. Winkler & Associates (In Re M.M. Winkler & Associates)United States Bankruptcy Court, N.D. Mississippi · 1996