Legal Opinion
Susquehanna Bancshares, Inc. v. National Union Fire Insurance
Superior Court of Pennsylvania
Decided April 25, 1995No. 103PublishedCited by 7 opinions
1Opinion of the Court
HUDOCK, Judge:
In this appeal we must interpret the phrase “manifest intent” as used in a fidelity bond which protects a bank from losses caused by an employee acting with the “manifest intent” to cause such losses.
In September, 1986, Citizens National Bank of Greencastle (the Bank)1 sustained losses in excess of $1.4 million as a result of defaulted trailer truck loans made to seventeen truckers through its installment lending department. The Bank’s employee in charge of that department, Marvin Rice (Rice), had originated or overseen many of the loans and, in September, 1986, was terminated…
2Cases cited10 opinions
- Federal Deposit Insurance Corporation v. United Pacific Insurance CompanyCourt of Appeals for the Tenth Circuit · 1994
- United States v. John R. Adamson, IIICourt of Appeals for the Fifth Circuit · 1983
- Federal Deposit Insurance Corporation v. St. Paul Fire and Marine Insurance CompanyCourt of Appeals for the Sixth Circuit · 1991
- First National Bank of Louisville, Cross-Appellant v. Loretta Lustig, and Aetna Casualty & Surety Co., and Federal Insurance Co., Cross-AppelleesCourt of Appeals for the First Circuit · 1992
- Leucadia, Inc. v. Reliance Insurance Company, Defendant-Third-Party v. Edward H. Helmke, Third-PartyCourt of Appeals for the Second Circuit · 1989
5 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Commonwealth v. MarquezSuperior Court of Pennsylvania · 2009
- First National Bank of Louisville v. Loretta Lustig, Aetna Casualty and Surety Co., and Federal Insurance Co.Court of Appeals for the First Circuit · 1996
- Resolution Trust Corporation v. Fidelity And Deposit Company Of MarylandCourt of Appeals for the Third Circuit · 2000
- Resolution Trust Corp. v. Fidelity & Deposit Co. of MD,et al. (Part II)Court of Appeals for the Third Circuit · 2000
- Resolution Trust Corp. v. Fidelity & Deposit Co. of MD,et al. (Part I)Court of Appeals for the Third Circuit · 2000
2 more not listed; retrieve them via the Exa API.