American Casualty Co. v. Costello

American Casualty Company appeals as of right from the jury verdict finding no cause of action against John F. Noonan, William M. Bolger and Noonan, Costello & Bolger. We affirm.

American filed suit in circuit court seeking reimbursement for $100,000 it expended pursuant to its surety obligations on a probate executor bond. Thomas M. Costello, the principal on the bond, had misappropriated estate funds and used them for his own purposes. American asserted that the remaining defendants were liable for its loss under the theory that Noonan, Costello & Bolger constituted a partnership in fact or…