Legal Opinion
Fidelity & Deposit Company of Maryland, a Corporation of the State of Maryland v. Hudson United Bank, a Banking Corporation of the State of New Jersey
Court of Appeals for the Third Circuit
Decided August 6, 1981No. 80-2234PublishedCited by 34 opinions
1Opinion of the Court
OPINION OF THE COURT
SEITZ, Chief Judge.
Hudson United Bank (the Bank) appeals from a final order of the district court entering judgment of rescission for Fidelity & Deposit Company of Maryland (F&D) after a trial to the court. Disposition of this complex and difficult diversity action is governed by New Jersey law.
I
In this action, F&D seeks to rescind ab initio a fidelity bond it issued to the Bank on March 21, 1976. This bond insured the Bank against losses from many causes, including employee dishonesty, but it did not cover losses from borrower fraud or dishonesty. Prior to March 21, 1976,…
2Cases cited20 opinions
- American Surety Company v. PaulySupreme Court of the United States · 1898
- Paul J. Glick v. White Motor Company v. North American Rockwell Corp., (Third Party Defendant)Court of Appeals for the Third Circuit · 1972
- Bauman v. Royal Indemnity Co.Supreme Court of New Jersey · 1961
- Stoelting v. HauckSupreme Court of New Jersey · 1960
- In Re the Estate of Santa PerroneSupreme Court of New Jersey · 1950
15 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- Oritani Savings & Loan Ass'n v. Fidelity & Deposit Co.District Court, D. New Jersey · 1990
- Liebling v. Garden State Indem.New Jersey Superior Court Appellate Division · 2001
- Resolution Trust Corporation v. Fidelity And Deposit Company Of MarylandCourt of Appeals for the Third Circuit · 2000
- First Security Savings v. Kansas Bankers Surety Co. v. James L. Gillette, Third Party First Security Bank & Trust v. Kansas Bankers Surety Co.Court of Appeals for the First Circuit · 1988
- Resolution Trust Corp. v. FarmerDistrict Court, E.D. Pennsylvania · 1993
29 more not listed; retrieve them via the Exa API.