District Court, E.D. Wisconsin November 26, 1997, 96-C-855 (Straz v. Kansas Bankers Surety Co.)

CLEVERT, District Judge.

The plaintiff, David A. Straz, Jr. (Straz), filed suit against the defendant, The Kansas Bankers Surety Company (KBSC), in Milwaukee County Circuit Court on July 3,1996, seeking $1,618,000 from KBSC under a directors and officers insurance policy. KBSC issued the policy to First Bank Southeast, N.A., and First Bank was sued by Saint Catherine’s Hospital, Inc. (St.