Legal Opinion
Arlington Trust Co. v. Hawkeye-Security Insurance
District Court, E.D. Virginia
Decided June 20, 1969No. Civ. A. 4625PublishedCited by 17 opinions
1Opinion of the Court
MEMORANDUM OPINION
OREN R. LEWIS, District Judge.
The bank (Arlington Trust Company) lost a considerable sum of money on certain loans made through its Bill of Lading Loan Department. These losses allegedly resulted from the dishonest, fraudulent or criminal act of one of its assistant vice presidents then in charge of that department.
Claim was timely filed with Hawkeye (Hawkeye-Security Insurance Co.), the insurance carrier on the bank’s blanket bankers’ bond — the claim was denied— this suit followed.
The Court’s findings follow.
For some time prior to October 1960, Paul E. Darcey had been…
2Cases cited4 opinions
- Paul J. D. Logsdon v. United StatesCourt of Appeals for the Sixth Circuit · 1958
- Brandon v. HolmanCourt of Appeals for the Fourth Circuit · 1930
- Glens Falls Indemnity Company v. National Floor & Supply CompanyCourt of Appeals for the Fifth Circuit · 1957
- AMERICAN EMPLOYERS'INS. CO. v. CableCourt of Appeals for the Fifth Circuit · 1939
3Cited by17 opinions
- First National Bank Co. v. Insurance Co. of North AmericaCourt of Appeals for the Seventh Circuit · 1979
- First National Bank Company Of Clinton, Illinois v. Insurance Company Of North AmericaCourt of Appeals for the First Circuit · 1979
- Fidelity & Casualty Co. of New York v. Central Bank of HoustonCourt of Appeals of Texas · 1984
- First Hays Banshares, Inc. v. Kansas Bankers Surety Co.Supreme Court of Kansas · 1989
- Federal Deposit Insurance Corp. v. National Surety Corp.Supreme Court of Iowa · 1979
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