Legal Opinion
Federal Deposit Insurance v. CNA Casualty
District Court, D. Puerto Rico
Decided November 22, 1991No. Civ. 90-2315 (JP)PublishedCited by 10 opinions
1Opinion of the Court
OPINION AND ORDER
PIERAS, District Judge.
This is an action by the Federal Deposit Insurance Corporation (“FDIC”), as manager of the FSLIC Resolution Fund, seeking payment of a claim made under a fidelity bond issued by CNA Casualty of Puerto Rico (“the Underwriter”) and for damages as a result of the Underwriter’s alleged bad faith in adjusting the claim. The Court has before it defendant’s Motion for Summary Judgment and the plaintiff’s opposition thereto.
I. THE FACTS
In 1981 CNA issued a Savings & Loan Blanket Bond (“the fidelity bond”) to Home Federal Savings & Loan Association of Puerto…
2Cases cited21 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Jose MEDINA-MUNOZ, Etc., Et Al., Plaintiffs, Appellants, v. R.J. REYNOLDS TOBACCO COMPANY, Defendant, AppelleeCourt of Appeals for the First Circuit · 1990
- Thomasina Mack v. The Great Atlantic and Pacific Tea Company, Inc.Court of Appeals for the First Circuit · 1989
- American Surety Company v. PaulySupreme Court of the United States · 1898
16 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Hotel Syracuse Inc. v. City of Syracuse Industrial Development Agency (In Re Hotel Syracuse Inc.)United States Bankruptcy Court, N.D. New York · 1993
- Josefina Cantellops v. Juan Alvaro-Chapel C.H.R. Corporation, Flamingo Road Inc.Court of Appeals for the First Circuit · 2000
- Federal Deposit Insurance v. Insurance Co. of North AmericaDistrict Court, D. Massachusetts · 1996
- Federal Deposit Insurance Corporation, Cross-Plaintiff v. Shearson-American Express, Inc., Cross-Defendants, Banco Cooperativo De Puerto Rico, Intervenor, Federal Deposit Insurance Corporation, Cross-Plaintiff v. Shearson-American Express, Inc., Cross-Defendants, Prudential Bache Securities, Inc., IntervenorCourt of Appeals for the First Circuit · 1993
- Oriental Financial Group v. Federal InsuranceDistrict Court, D. Puerto Rico · 2004
5 more not listed; retrieve them via the Exa API.