95 Cal. Daily Op. Serv. 6651, 95 Daily Journal D.A.R. 11,421 Safeway Stores, Inc., Plaintiff-Appellant-Cross-Appellee v. National Union Fire Insurance Company of Pittsburgh, Pa., Defendant-Appellee-Cross-Appellant

64 F.3d 1282 95 Cal. Daily Op. Serv. 6651 , 95 Daily Journal D.A.R. 11,421 SAFEWAY STORES, INC., Plaintiff-Appellant-Cross-Appellee, v. NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., Defendant-Appellee-Cross-Appellant. Nos. 94-15241, 94-15273. United States Court of Appeals, Ninth Circuit. Argued and Submitted July 13, 1995. Decided Aug. 23, 1995. Fredric J. Zepp, Charles S. Treat, Latham & Watkins, San Francisco, CA, for plaintiff-appellant-cross-appellee. Thorn Rosenthal, Cahill Gordon & Reindel, New York City; David B. Paynter, Lewis, D'Amato, Brisbois & Bisgaard, San Francisco, CA, for defendant-appellee-cross-appellant. Appeals from the United States District Court for the Northern District of California. Before: SNEED, CANBY, and FERNANDEZ, Circuit Judges. SNEED, Circuit Judge: 1 Safeway Inc. ("Safeway") appeals and National Union Fire Insurance Company of Pittsburgh ("National Union") cross-appeals from the district court's judgment in this insurance coverage dispute over the settlement of several class actions against Safeway. Safeway contends that the district court erred by (i) holding that a large dividend paid out as part of the settlement was…