Bank of Ann Arbor v. Everest National Insurance
Court of Appeals for the Sixth Circuit
1Opinion of the Court
CLAY, Circuit Judge.
Everest National Insurance Company (“Defendant”) appeals the district court’s grant of summary judgment to the Bank of Ann Arbor (“Plaintiff’). Defendant also appeals the denial of its cross motion for summary judgment and motion for reconsideration. Defendant argues that the district court erred in refusing to hear a new legal argument it raised against Plaintiffs insurance claim for the first time in its motion for reconsideration. Defendant also contends that the district court erred in not finding that the “loan loss” provision in the bond excluded coverage of…
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