United States Fourth Circuit
STATE AUTO PROP. & CAS. INS. CO. v. TRAVELERS INDEM. CO. OF AM., 02-2069
The term "misappropriation" in an insurance policy issued by defendant refers generally to the wrongful acquisition of property, and the ambiguity in the term "misappropriation" must be interpreted in favor of coverage; summary judgment to defendant is vacated.
Appellate Information
- Decided 09/04/2003
- Published 09/04/2003
Judges
- Before WILKINSON, NIEMEYER, and KING, Circuit Judges.
Court
- United States Fourth Circuit
Counsel
- For Appellees:
- ARGUED: Patricia Pursell Kerner, Bailey & Dixon, L.L.P., Raleigh, North Carolina, for Appellant. Laura Anne Brady, Drinker, Biddle & Reath, L.L.P., Florham Park, New Jersey, for Appellees. ON BRIEF: Gavin B. Parsons, Bailey & Dixon, L.L.P., Raleigh, North Carolina, for Appellant. William T. Corbett, Jr., Mark D. Sheridan, Drinker, Biddle & Reath, L.L.P., Florham Park, New Jersey; Mark A. Davis, Douglas W. Hanna, Womble, Carlyle, Sandridge & Rice, Raleigh, North Carolina, for Appellees.