Legal Opinion
Allied Stores Corp. v. Chubb Insurance (In re Federated Department Stores, Inc.)
United States Bankruptcy Court, S.D. Ohio
Decided January 3, 1992No. Bankruptcy No. 1-90-00130; Adv. No. 1-91-0232Published
1Opinion of the Court
ORDER
J. VINCENT AUG, Jr., Bankruptcy Judge.
BACKGROUND
On February 1, 1989, Chubb Insurance Company of Canada (“Chubb”) issued an Executive Liability and Indemnification Policy (“Policy”) to Campeau Corporation and its direct and indirect subsidiaries, including Allied Stores Corporation (“Debt- or”). The Policy obligates Chubb to pay on behalf of the directors and officers of the Debtor all amounts which they become legally obligated to pay on account of claims asserted against them for a wrongful act committed, attempted, or allegedly committed or attempted, in their respective capacities as…
2Cases cited3 opinions
- City Communications, Inc. v. The City of Detroit Barden Cable-Vision and MacLeanCourt of Appeals for the Sixth Circuit · 1989
- International Union, United Automobile, Aerospace, Agricultural and Implement Workers of America v. Dana CorporationCourt of Appeals for the Sixth Circuit · 1983
- Murray Industries, Inc. v. Federal Insurance (In Re Murray Industries, Inc.)United States Bankruptcy Court, M.D. Florida · 1990