Diamond Transportation System, Inc. v. Travelers Indemnity Co.
District Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION
GRADY, District Judge.
This case comes before the court on defendant’s motion to dismiss. For the reasons given below, defendant’s motion is granted. FACTS
On May 17, 1987, defendant Travelers Indemnity Company (“Travelers”) issued a Commercial Crime Bond to plaintiff Diamond Transportation System, Inc., (“Diamond”). The bond, which insured Diamond against loss resulting from employee dishonesty, had a one-year term and a policy limit of $250,-000. When the bond expired in May of 1988, the parties renewed their contract and a new one-year, $250,000 bond was issued. Each year…
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- Richard L. Gillman v. Burlington Northern Railroad CompanyCourt of Appeals for the Seventh Circuit · 1989
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