Peoples State Bank v. American Casualty Co. of Reading

ORDER DENYING DEFENDANT’S MOTION FOR SUMMARY JUDGMENT BASED UPON THE BANK’S EARLY DISCOVERY OF THE FRAUDULENT SCHEME AND ORDER DENYING DEFENDANT’S MOTION FOR SUMMARY JUDGMENT BASED UPON THE LOAN LOSS EXCEPTION

GADOLA, District Judge.

Plaintiff filed this action for breach of an insurance contract on February 12, 1992. Following entry of an order extending the time within which to respond to the complaint, defendant filed an answer April 20, 1992. On November 30, 1992, defendant filed two motions for summary judgment; one motion is based upon plaintiffs alleged early discovery of the fraudulent…