Legal Opinion
American Trust & Savings Bank v. United States Fidelity & Guaranty Co.
Supreme Court of Iowa
Decided April 19, 1989No. 88-933PublishedCited by 22 opinions
1Opinion of the Court
SCHULTZ, Justice.
This appeal arose out of a third-party action filed by an accounting firm which was originally sued by a bank and its bonding company for negligence in failing to discover an embezzlement. The accounting *189firm sought indemnity or contribution from the bank’s current and past members of the board of directors, claiming a breach of their duty of ordinary care owed the bank. In response to the directors’ motion, the district court dismissed the third-party action against the directors.
An officer of the American Trust and Savings Bank of Dubuque embezzled a substantial sum from…
2Cases cited10 opinions
- American Motorcycle Assn. v. Superior CourtCalifornia Supreme Court · 1978
- Kennedy v. City of SawyerSupreme Court of Kansas · 1980
- Berger v. General United Group, Inc.Supreme Court of Iowa · 1978
- Rees v. Dallas CountySupreme Court of Iowa · 1985
- Sweeny v. PeaseSupreme Court of Iowa · 1980
5 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Tralon Corp. v. Cedarapids, Inc.District Court, N.D. Iowa · 1997
- Hills Bank & Trust Co. v. ConverseSupreme Court of Iowa · 2009
- Kemper National P & C Companies v. SmithSuperior Court of Pennsylvania · 1992
- Kemin Industries, Inc. v. KPMG Peat Marwick LLPSupreme Court of Iowa · 1998
- Bylsma v. R.C.WilleyHumanTouchUtah Supreme Court · 2017
17 more not listed; retrieve them via the Exa API.