Merchants National Bank v. Hartford Accident & Indemnity Co.

MEMORANDUM AND ORDER

DEVITT, Chief Judge.

Plaintiff brought this action against defendant to recover on a policy of insurance insuring the plaintiff bank against losses resulting from dishonest acts of its employees. The claim of federal jurisdiction is based upon 28 U.S.C. § 1332. Plaintiff asserts that it has suffered losses in excess of one hundred thousand dollars as a result of dishonest and/or fraudulent acts of one Walter R. Thompson, who was an employee of the bank. As a result of these losses and by virtue of the terms of the insurance policy upon which plaintiff relies, plaintiff…