Legal Opinion
Fidelity & Casualty Co. v. Farmers National Bank
Appellate Division of the Supreme Court of the State of New York
Decided January 14, 1937PublishedCited by 3 opinions
1Opinion of the CourtHill, P. J.
The plaintiff appeals from a judgment dismissing its complaint on the merits. . As surety, it executed the official bonds for one Charles J. West, who was treasurer of the city of Hudson, N. Y., from January 1, 1923, to and including December 31, 1931, and who, between 1924 and 1930, stole more than $200,000 of city funds. The defendant, a national banking corporation, was the city depository during the time of West’s peculations. The plaintiff paid the loss suffered by the city and became the owner, through subrogation and by a written assignment, of any cause of action the city had against…
2Cases cited8 opinions
- Critten v. Chemical National BankNew York Court of Appeals · 1902
- Sims v. . U.S. Trust Co. of New YorkNew York Court of Appeals · 1886
- Fidelity & Deposit Co. v. Queens County Trust Co.New York Court of Appeals · 1919
- National Surety Co. v. President & Directors of the Manhattan Co.New York Court of Appeals · 1929
- Matteawan Manufacturing Co. v. Chemical Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1935
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3Cited by3 opinions
- National Union Fire Insurance v. Proskauer Rose Goetz & MendelsohnNew York Supreme Court · 1994
- Federal Deposit Ins. Corp. v. Pioneer State BankNew Jersey Superior Court Appellate Division · 1977
- Employers' Liability Assurance Corp. v. Hudson River Trust Co.Appellate Division of the Supreme Court of the State of New York · 1937