United States Ninth Circuit

In a bankruptcy adversary proceeding by former officers of the Debtor for indemnification in an underlying action for breach of fiduciary duty, the dismissal of the complaint is affirmed where the "insured versus insured" exclusion in the relevant policies barred coverage, because a post-bankruptcy debtor in possession acts in the same capacity as the pre-bankruptcy debtor for the purpose of directors and officers liability insurance.

Appellate Information

• Argued 05/15/2008
• Decided 07/10/2009
• Published 07/10/2009

Judges

• KLEINFELD, Circuit Judge:, Before ANDREW J. KLEINFELD and N. RANDY SMITH, Circuit Judges, and RICHARD MILLS, District Judge.

Court

• United States Ninth Circuit

Counsel

• For Appellant:
  
• Andrew S. Jacob, Shughart Thompson & Kilroy, P.C., Phoenix, AZ, for the appellant.


• For Appellees:
  
• Michael F. Perlis, Stroock & Stroock & Lavan LLP, Los Angeles, CA, for appellee, Twin City Fire Insurance Company., E.J. Kotalik, Jr., Peshkin & Kotalik, P.C., Phoenix, AZ, for appellee, Old Republic Insurance Company., Mark G. Worischeck (briefed), J. Steven Sparks, Sanders & Parks, P.C., Phoenix, AZ;  James K. Thurston, Wilson, Elser, Moskowitz, Edelman & Dicker LLP, Chicago, IL, for appellee, Carolina Casualty Insurance Company., Greg S. Comol (briefed), Lewis Brisbois Bisgaard & Smith LLP, Phoenix, AZ, for appellee Great American Insurance Company., Gena L. Sluga (briefed), Harper Christian Dichter Graif, PC, Phoenix, AZ, for appellee North American Specialty Insurance Company.