Legal Opinion

Rock River Savings & Loan Ass'n v. American States Insurance

Court of Appeals for the Seventh Circuit

Decided March 22, 1979No. 78-1457PublishedCited by 3 opinions

1Opinion of the Court

BAUER, Circuit Judge.

This appeal arises from a diversity action brought by the Rock River Savings and Loan Association against American States Insurance Company. The Association alleged that it had suffered a loss due to the fraudulent conduct of five of its former officers, and that this loss was compensable under a surety bond issued by American States. The insurance company subsequently joined as third party defendants the five former officers and the Association’s accountants, Peat, Marwick, Mitchell and Company. When the primary action between American states and the Association was…

2Cases cited5 opinions

  1. Bangor Punta Operations, Inc. v. Bangor & Aroostook RailroadSupreme Court of the United States · 1974
  2. Home Fire Insurance v. BarberNebraska Supreme Court · 1903
  3. Duncan v. National Tea Co.Appellate Court of Illinois · 1957
  4. Insurance Company of North America v. Morgan Dyeing and Bleaching CompanyCourt of Appeals for the Seventh Circuit · 1959
  5. Seeder v. ZorosAppellate Court of Illinois · 1942

3Cited by3 opinions

  1. National Union Electric Corp. v. Matsushita Electric Industrial Co.District Court, E.D. Pennsylvania · 1980
  2. Multinational Life Insurance v. Benítez RiveraSupreme Court of Puerto Rico · 2015
  3. Rock River Savings and Loan Association, an Illinois Corporation v. American States Insurance Company, an Indiana Corporation, and Third Party v. Peat, Marwick, Mitchell & Company, Donald E. Levinson, Dale L. Levinson, Kenneth Clausen, Floyd Palmquist and Richard Runstrom, Third PartyCourt of Appeals for the Third Circuit · 1979

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