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XL Specialty Ins. Co. v. WMI Liquidating Trust

Supreme Court of Delaware

May 28, 2014

XL SPECIALTY INSURANCE COMPANY; NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA; COLUMBIA CASUALTY COMPANY; AXIS INSURANCE COMPANY; ACE AMERICAN INSURANCE COMPANY; ARCH INSURANCE COMPANY; RSUI INDEMNITY COMPANY; CHARTIS PROPERTY CASUALTY COMPANY, Formerly known as

Submitted March 5, 2014

Case Closed June 5, 2014.

Page 1209

Court Below: Superior Court of the State of Delaware, in and for New Castle County. C.A. No. N12C-10-087.

Edward M. McNally and Patricia A. Winston, Esquires, Morris James LLP, Wilmington, Delaware for Appellants National Union Fire Insurance Company of Pittsburgh, PA and Chartis Property Casualty Company.

Thomas G. Macauley, Esquire, Macauley LLC, Wilmington, Delaware and Charles C. Lemley (argued) and John E. Howell, Esquires, Wiley Rein LLP, Washington, DC for Appellants XL Specialty Insurance Company and Columbia Casualty Company.

Joseph H. Huston, Jr., Esquire, Stevens & Lee, Wilmington, Delaware and Michael R. Goodstein, Bailey Cavalieri LLC, Columbus, Ohio for Appellants RSUI Indemnity Company and Scottsdale Indemnity Company.

Howard A. Cohen, Esquire, Drinker Biddle & Reath LLP, Wilmington, Delaware for Appellant Houston Casualty Company.

Francis J. Murphy and Kelley M. Huff, Esquires, Murphy & Landon, Wilmington, Delaware for Appellants Arch Insurance Company; Ace American Insurance Company; and Those Certain Underwriters at Lloyd's, London, Subscribing to Policy No. B0509QA027908.

Kim W. West and Alec H. Boyd, Esquires, Clyde & Co U.S. LLP, San Francisco, California for Appellant Arch Insurance Company.

Ralph A. Gurgis and Sean R. Simpson, Esquires, Sedgwick LLP, Irvine, California for Appellants Ace American Insurance Company; and Those Certain Underwriters at Lloyd's, London, Subscribing to Policy No. B0509QA027908.

Timothy Jay Houseal, Esquire, Young Conaway Stargatt & Taylor LLP, Wilmington, Delaware and Ommid C. Farashahi, Michael T. Skoglund and Brian J. Watson, Esquires, Bates Carey Nicolaides, LLP, Chicago, Illinois for Appellant AXIS Insurance Company.

Paul D. Brown, Joseph B. Cicero, and Ann M. Kashishian, Esquires, Cousins Chipman & Brown, LLP, Wilmington, Delaware and David M. Stern (argued), Lee R. Bogdanoff, Daniel J. Bussel, and Matthew C. Heyn, Esquires, Klee, Tuchin, Bogdanoff & Stern LLP, Los Angeles, California for Appellee WMI Liquidating Trust.

Before STRINE, Chief Justice, HOLLAND, BERGER, JACOBS, and RIDGELY, ...


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