General American Life Insurance v. AmSouth Bank

JOHN R. GIBSON, Senior Circuit Judge:

General American Life Insurance Company appeals from a jury verdict finding that it was estopped from asserting its claim that AmSouth Bank improperly paid checks payable to General American. General American’s agent indorsed the checks without authority and deposited them in his account at AmSouth. General American argues that as a matter of law, AmSouth did not establish the elements of estoppel. AmSouth cross-appeals from a summary judgment order holding it liable for checks payable to General American that the agent restrietively indorsed and deposited…