Legal Opinion
French American Banking Corp. v. Flota Mercante Grancolombiana, S.A., and Fireman's Fund Insurance Co., Fireman's Fund Insurance Co.
Court of Appeals for the Second Circuit
Decided February 13, 1991No. 1056, Docket 90-7948PublishedCited by 9 opinions
1Per curiam
French American Banking Corporation (“FABC”) appeals from an order entered in the Southern District dismissing its claim that Fireman’s Fund Insurance Company (“Fireman’s”) was liable under an insurance agreement for losses incurred by FABC as a result of loans made against certain fraudulent bills of lading. .We affirm because we agree with the district court that the bills of lading in question were neither “forgeries” nor “counterfeits” and hence that FABC’s losses were not covered by the agreement.
In 1982 and 1983, FABC made three separate loans totaling $3,650,000 to Colombian Coffee…
2Cases cited5 opinions
- The Exchange National Bank of Olean v. Insurance Company of North AmericaCourt of Appeals for the Second Circuit · 1965
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.District Court, S.D. New York · 1990
- Societe Generale v. Federal Insurance Co. And Chubb & Son, Inc., Federal Insurance Company, Third-Party v. Flota Mercante Grancolombiana, S.A., Third-PartyCourt of Appeals for the Second Circuit · 1988
- William Iselin & Co. v. Fireman's Fund InsuranceAppellate Division of the Supreme Court of the State of New York · 1986
- William Iselin & Co. v. Fireman's Fund InsuranceNew York Court of Appeals · 1987
3Cited by9 opinions
- Jefferson Bank v. Progressive Casualty Insurance CompanyCourt of Appeals for the Third Circuit · 1992
- Resolution Trust Corporation, as Conservator for Greatamerican Federal Savings and Loan Association v. Aetna Casualty & Surety Company of IllinoisCourt of Appeals for the Seventh Circuit · 1994
- Chemical Bank v. Affiliated FM InsuranceDistrict Court, S.D. New York · 1993
- KW Bancshares, Inc. v. Syndicates of Underwriters at Lloyd's, London Subscribing Policy G538944District Court, W.D. Tennessee · 1997
- Federal Deposit Insurance Corp. v. Fidelity & Deposit Co. of MarylandDistrict Court, M.D. Louisiana · 1993
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