Legal Opinion
First National Life Insurance v. Fidelity & Deposit Co.
Court of Appeals for the Fifth Circuit
Decided January 12, 1976No. 74-2608PublishedCited by 9 opinions
1Opinion of the Court
CLARK, Circuit Judge:
First National Life Insurance Company (FNL) sued on an employee fidelity bond issued by Fidelity & Deposit Company of Maryland (F & D) for losses incurred when purchasers of controlling stock in FNL’s parent company raided the assets of FNL. The case was tried to a jury, which answered special interrogatories in a manner generally favorable to FNL. The district court entered a judgment for F & D notwithstanding the verdict, based upon an opinion which alternatively upheld three policy defenses: (1) the bond’s definition of “employee” excluded the defrauders who had named…
2Cases cited11 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Klaxon Co. v. Stentor Electric Manufacturing Co.Supreme Court of the United States · 1941
- Angel v. BullingtonSupreme Court of the United States · 1947
- Mitchell's, Inc. v. FriedmanTexas Supreme Court · 1957
- Employers Casualty Co. v. County of RockwallTexas Supreme Court · 1931
6 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Andre Backar, Cross-Appellee v. Western States Producing Company (Now Hytech Energy Corporation) and Wayman W. Buchanan, Cross-AppellantsCourt of Appeals for the Fifth Circuit · 1977
- Arceneaux v. Texaco, Inc.Court of Appeals for the Fifth Circuit · 1980
- In Re MendenhallUnited States Bankruptcy Court, D. Oregon · 1980
- Commercial Union Insurance v. Upjohn Co.District Court, W.D. Louisiana · 1976
- First National Life Insurance Company v. Fidelity & Deposit Company Of MarylandCourt of Appeals for the First Circuit · 1976
4 more not listed; retrieve them via the Exa API.