United States Third Circuit

In a suit for repayment of defaulted student loans that were insured, summary judgment in favor of plaintiff-beneficiary is reversed where defendant-insurance company has raised a triable issue as to whether all of the losses claimed by plaintiff were covered under its policies.

Appellate Information

• Argued 01/19/2005
• Decided 10/03/2005
• Published 10/03/2005

Judges

• Before ALITO, McKEE, and SMITH, Circuit Judges.

Court

• United States Third Circuit

Counsel

• For Appellant:
  
• Lawrence C. Ashby, Philip Trainer, Jr., Ashby & Geddes, Wilmington, Delaware, Michael H. Barr (Argued), Kenneth J. Pfaehler, Sonnenschein Nath & Rosenthal LLP, New York, New York, for Appellant.


• For Appellees:
  
• Ronald S. Rauchberg (Argued), Steven E. Obus, Andre G. Castaybert, Frank Scibilia, Proskauer Rose LLP, New York, New York, David C. McBride, John W. Shaw, Young Conaway Stargatt & Taylor, LLP, Wilmington, Delaware, for Appellees MBIA Insurance Corporation and Wells Fargo Bank Minnesota, N.A., Kevin R. Shannon, Potter Anderson & Corroon LLP, Wilmington, Delaware, David H. Pittinsky (Argued), Lawrence D. Berger, Ballard Spahr Andrews & Ingersoll, LLP, Philadelphia, Pennsylvania, for Appellee PNC Bank, N.A., Joseph H. Huston, Jr. (Argued), Thomas G. Whalen, Jr., Stevens & Lee, P.C., Wilmington, Delaware, for Appellee Wilmington Trust of Pennsylvania.