Ralph S. Slottow Fidelity Federal Bank, Plaintiffs-Counterdefendants-Appellees v. American Casualty Company of Reading, Pennsylvania, Defendant-Counterclaimant-Appellant. Ralph S. Slottow, Plaintiff-Counterdefendant, and Fidelity Federal Bank, Plaintiff-Counterdefendant-Appellant v. American Casualty Company of Reading, Pennsylvania, Defendant-Counterclaimant-Appellee

1 F.3d 912 Ralph S. SLOTTOW; Fidelity Federal Bank, Plaintiffs-counterdefendants-Appellees, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant-counterclaimant-Appellant. Ralph S. SLOTTOW, Plaintiff-counterdefendant, and Fidelity Federal Bank, Plaintiff-counterdefendant-Appellant, v. AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, Defendant-counterclaimant-Appellee. Nos. 91-55698, 91-55804. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 3, 1993. Decided Aug. 4, 1993. Radcliff & West, Los Angeles, CA, and Barry R. Levy, Christina J. Imre, Stephen E. Norris, George P. Schiavelli, Horvitz & Levy, Encino, CA, for American Cas. Co. of Reading, PA. Dennis M. Perluss, Margot A. Metzner, Hufstedler, Kaus & Ettinger, Ralph B. Perry III, Lawrence S. Graven, Howard B. Brody, Graven Perry Block Brody & Qualls, Los Angeles, CA, for Fidelity Federal Bank. Appeal from the United States District Court for the Central District of California. Before: BROWNING, HUG, and KOZINSKI, Circuit Judges. KOZINSKI, Circuit Judge: 1 This coverage dispute between a bank and an insurance company involves a directors and officers' liability policy. The…