National Steel Corp. v. Maryland Casualty Co.

McILVAINE, District Judge.

In this action the plaintiffs, National Steel Corporation, Great Lakes Steel Corporation, and Stran-Steel Products Company filed their complaint on June 27, 1955, alleging that the defendant, Maryland Casualty Company, had issued a bond indemnifying the plaintiffs against any loss not exceeding $125,000 sustained through fraudulent or dishonest acts committed by an employee. They charge that the defendant has refused to pay for the loss which they sustained in accordance with the terms of the bond. On July 14, 1955, the defendant filed a motion to dismiss on the…