District court judgment holding that plaintiff was equitably estopped from pursuing its claim for reimbursement of deductibles related to a class action settlement is affirmed where the: 1) the court properly found that plaintiff's course of conduct in settling the class action was unreasonable and misleading; 2) defendant reasonably believed that its contribution to the settlement fund would absolve it of all liability; and 3) defendant suffered a cognizable detriment through that reliance as it will now be expected to make additional payments.
Appeal from the United States District Court for the District of Maine.
Decided August 5, 2009
Before Howard, Selya and Ebel, Circuit Judges.
Opinion by Selya, Circuit Judge.
For Appellant: David D. Dowd.
For Appellee: Thomas C. Newman.