Legal Opinion

BancInsure, Inc. v. U.K. Bancorporation Inc.

District Court, E.D. Kentucky

Decided November 16, 2011No. Civil Action No. 11-109-DLB-CJSPublishedCited by 16 opinions

1Opinion of the Court

MEMORANDUM OPINION AND ORDER

DAVID L. BUNNING, District Judge.

Plaintiff Banclnsure, Inc. (“Banclnsure”), commenced this action against Defendant U.K. Bancorporation Inc./United Kentucky Bank of Pendleton County, Inc. (“UKB”), pursuant to the Declaratory Judgment Act, 28 U.S.C. § 2201, seeking a declaratory judgment that a Financial Institution Bond and Extended Professional Liability Policy issued to UKB are rescinded effective October 13, 2010 and rendered void ab initio, thereby precluding coverage for losses sustained as a result of UKB’s President/CEO’s embezzlement of funds totaling over…

2Cases cited20 opinions

  1. Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
  2. Edward E. ERCEGOVICH, Plaintiff-Appellant, v. GOODYEAR TIRE & RUBBER COMPANY, Defendant-AppelleeCourt of Appeals for the Sixth Circuit · 1998
  3. Taft Broadcasting Company v. United StatesCourt of Appeals for the Sixth Circuit · 1991
  4. Vincent C. Wiley v. United States of America Citizens Federal Mortgage Corporation State of Ohio Franklin County Treasurer and Houng ThaiCourt of Appeals for the Sixth Circuit · 1994
  5. Sigler v. American Honda Motor Co.Court of Appeals for the Sixth Circuit · 2008

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3Cited by16 opinions

  1. Germain v. FicarraCourt of Appeals for the Second Circuit · 2016
  2. Merv Properties, L.L.C. v. Forcht Bancorp, Inc. (In re Merv Properties, L.L.C.)Bankruptcy Appellate Panel of the Sixth Circuit · 2015
  3. Muncy v. Intercloud Systems, Inc.District Court, E.D. Kentucky · 2015
  4. National Credit Union Administration Board v. CUMIS Insurance Society, Inc.District Court, D. Minnesota · 2017
  5. Dublin Eye Associates, P.C. v. Massachusetts Mutual Life InsuranceDistrict Court, E.D. Kentucky · 2013

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