California Court of Appeal

CALIFORNIA AMPLIFIER, INC. v. RLI INS. CO., B146315

Liability under section 25500 for improper market manipulation requires a "wilful act" within the meaning of Insurance Code section 533 which precludes coverage under directors and officers' liability insurance.

Appellate Information

• Decided 12/03/2001
• Published 12/03/2001

Judges

• PERREN, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Gibson, Dunn & Crutcher, Daniel S. Floyd, William A. MacArthur and J. Warren Rissier, Los Angeles, for Plaintiffs and Appellants.


• For Appellees:
  
• Morison-Knox, Holden, Melendez & Prough, William C. Morison-Knox, Walnut Creek, Michael D. Prough and John J. Rasmussen, San Diego, for Defendant and Respondent.