Legal Opinion
First Defiance Financial Corp. v. Progressive Casualty Insurance
Court of Appeals for the Sixth Circuit
Decided August 1, 2012No. 10-3943, 10-3944PublishedCited by 8 opinions
1Opinion of the CourtSutton, J., joined by Suhrheinrich, J.,
COOK, J. (pp. 274-79), delivered a separate opinion.
OPINION
SUTTON, Circuit Judge.
This insurance-coverage dispute arises from a policy designed to protect financial institutions from losses caused by dishonest employees. Trying to recover nearly one million dollars stolen by an employee from client brokerage accounts, three financial institutions sued the insurance company that issued the policy. The district court held that the policy covered the losses and granted summary judgment to the financial institutions. We affirm the court’s liability judgment and all but one of its damages…
2Cases cited13 opinions
- Staub v. Proctor HospitalSupreme Court of the United States · 2011
- Securities & Exchange Commission v. Capital Gains Research Bureau, Inc.Supreme Court of the United States · 1963
- Lynch Properties, Inc. v. Potomac InsuranceCourt of Appeals for the Fifth Circuit · 1998
- Federal Deposit Insurance Corporation v. St. Paul Fire and Marine Insurance CompanyCourt of Appeals for the Sixth Circuit · 1991
- Buckeye Union Insurance v. State Automobile Mutual InsuranceOhio Supreme Court · 1977
8 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Retail Ventures, Inc. v. National Union Fire InsuranceCourt of Appeals for the Sixth Circuit · 2012
- Cadaret, Grant & Co., Inc. v. Great American Insurance CompanyDistrict Court, E.D. New York · 2025
- M&C Holdings Delaware Partnership v. Great American Insurance CompanyDistrict Court, S.D. Ohio · 2020
- M&C Holdings Delaware Partnership v. Great American Insurance CompanyDistrict Court, S.D. Ohio · 2020
- Pal v. DeliberatoDistrict Court, N.D. Ohio · 2025
3 more not listed; retrieve them via the Exa API.