Progressive Cas. Ins. Co. v. Fed. Deposit Ins. Corp.

80 F.Supp.3d 923

PROGRESSIVE CASUALTY INSURANCE COMPANY, Plaintiff
v.
FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of Vantus Bank;

Arlene T. Curry;

Gary L. Evans ;

David M. Roedere;

Barry E. Backhaus;

Ronald A. Jorgensen;

Charles D. Terlouw;

Jon G. Cleghorn;

Allen J. Johnson;

Michael W. Dosland;

and Michael S. Moderski, Defendants.
and
Arlene T. Curry;

Gary L. Evans ;

David M. Roedere;

Barry E. Backhaus;

Ronald A. Jorgensen;

Charles D. Terlouw;

Jon G. Cleghorn;

Allen J. Johnson;

Michael W. Dosland;

and Michael S. Moderski, Counterclaimants
v.
Progressive Casualty Insurance Company, Counterdefendant.

No. C 12–4041–MWB.

United States District Court, N.D. Iowa, Western Division.

Signed Jan. 23, 2015.

Guy R. Cook, Grefe & Sidney, P.L.C., Des Moines, IA, Lewis K. Loss, Matthew J. Dendinger, Loss, Judge & Ward, LLP, Washington, DC, for Plaintiff/Counterdefendant.

Andrew M. Reidy, Joseph Mark Saka, Catherine J. Serafin, Lowenstein & Sandler, LLP, Washington, DC, Richard J. Kirschman, David A. Tank, Megan Flynn, Whitfield & Eddy, PLC, William John Miller, Brian Andrew Melhus, Dorsey & Whitney, LLP, Des Moines, IA, Daniel L. Hartnett, Crary–Huff–Inkster–Sheehan–Ringenberg–Hartnett–Storm, Sioux City, IA, for Defendants/Counterclaimants.

MEMORANDUM OPINION AND ORDER REGARDING CROSS–MOTIONS FOR SUMMARY JUDGMENT AND MOTION TO STRIKE AFFIDAVIT

MARK W. BENNETT, District Judge.

TABLE OF CONTENTS

I.

INTRODUCTION

927

A.	Factual Synopsis	927
B.	Progressive's Declaratory Judgment Action	927
C.	The FDIC–R's Lawsuit	928
D.	The Pending Motions	928

II.	PROGRESSIVE'S MOTION TO STRIKE	929

A.

Factual Background

929

1.	The affiant	929
2.	The challenged statements	929
3.	Other discovery responses	930

B.	Arguments Of The Parties	932
C.	Analysis	934

1.	Applicable standards	934
2.	Application of the standards	935
3.	Summary	936

III.	THE CROSS–MOTIONS FOR SUMMARY JUDGMENT	936

A.

Factual Background

937

1.	Vantus Bank and the D & O Defendants	937
2.	The Vantus Policy and the Discovery Period (Activation)	937
3.	Closure of Vantus Bank and the FDIC–R's claims	940

B.

Applicable Legal Standards

940

1.	Summary judgment standards	940
2.	Standards for interpretation and construction of an insurance contract	941

...