Valley Nat. Bank of Arizona v. Fidelity and Deposit Co. of Maryland

993 F.2d 887 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. VALLEY NATIONAL BANK OF ARIZONA, Plaintiff-Appellee, v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a Maryland corporation, the United States Fidelity and Guaranty Company, a Maryland corporation, Defendants-Appellants. No. 91-16807. United States Court of Appeals, Ninth Circuit. Argued and Submitted April 16, 1993. Decided May 19, 1993. Before: FERGUSON, CANBY, and BRUNETTI, Circuit Judges. 1 MEMORANDUM * 2 Fidelity and Deposit Company of Maryland ("F & D") and United States Fidelity and Guaranty Company of Maryland ("USF & G") appeal from the district court's summary judgment in favor of Valley Bank of Arizona ("Valley Bank") in Valley Bank's action alleging breach of contract, breach of fiduciary duties, and misrepresentation. Specifically, F & D and USF & G challenge the district court's determination, based on the law of the case doctrine, that the deductible amount applicable to Valley Bank's…