Legal Opinion
NATIONAL BANK OF COM. IN NEW ORLEANS v. Fidelity & Cas. Co.
District Court, E.D. Louisiana
Decided April 10, 1970No. Civ. A. 69-848PublishedCited by 20 opinions
1Opinion of the Court
RUBIN, District Judge:
I. FINDINGS OF FACT
Hughes Walsh, a contractor, had lots of bills and no money. It had accounts in a Dallas bank and a New Orleans bank, so it resorted to a classic method of robbing Peter to pay Paul: on September 10, 1968, it drew a check for $87,450 on the New Orleans bank and deposited it in the Dallas bank. It drew a check for $87,500 on the Dallas bank and deposited it in the New Orleans bank. It thus created the illusion that it had money in both banks. Then, to pay its bills, it wrote checks against the image of solvency it had created in Dallas. The check drawn…
2Cases cited11 opinions
- Hartford Accident & Indemnity Co. v. Federal Deposit Ins. CorpCourt of Appeals for the Eighth Circuit · 1953
- Indemnity Insurance Company of North America, a Corporation v. Pioneer Valley Savings Bank, a CorporationCourt of Appeals for the Eighth Circuit · 1965
- The Fidelity and Casualty Company of New York, a Corporation v. Bank of AltenburgCourt of Appeals for the Eighth Circuit · 1954
- National Bank of Paulding v. Fidelity & Casualty Co.District Court, S.D. Ohio · 1954
- Fidelity Homestead Ass'n v. Kennedy & AndersonSupreme Court of Louisiana · 1925
6 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Calcasieu-Marine National Bank of Lake Charles v. American Employers' Insurance Co., Louisiana Bank & Trust Co., Cross v. The Employers Liability Assurance Corp., CrossCourt of Appeals for the Fifth Circuit · 1976
- First Texas Savings Association, and First Gibraltar Savings Association, Fsb, Intervening v. Reliance Insurance Co.Court of Appeals for the First Circuit · 1992
- Jack Austin, D/B/A Jack Austin & Associates, Cross v. D. R. Parker and J. A. McAlpin D/B/A M&m Construction Co., CrossCourt of Appeals for the Fifth Circuit · 1982
- Howard, Weil, Labouisse, Friedrichs, Inc., Cross v. Insurance Company of North America, CrossCourt of Appeals for the Fifth Circuit · 1977
- SEC. Nat. Bank of Kansas City v. Continental Ins.District Court, D. Kansas · 1982
15 more not listed; retrieve them via the Exa API.