Legal Opinion
Maryland Casualty Company v. Bank of Charlotte
Court of Appeals for the Fourth Circuit
Decided January 5, 1965No. 9475_1PublishedCited by 27 opinions
1Opinion of the Court
SOBELOFF, Chief Judge:
An employee of the Southern Investment Co. of Charlotte, North Carolina, swindled her employer out of approximately $18,000.00 and the Maryland Casualty Co., having issued an employee fidelity bond to Southern, reimbursed its assured for this loss. The Surety then sought, as subrogee of Southern, to recover from the Bank of Charlotte on the theory that the Bank’s conduct had made the swindle possible. From a judgment of the District Court denying recovery the Surety appeals.
Jurisdiction is founded upon diversity of citizenship, 28 U.S.C.A. § 1332, and the law of North…
2Cases cited18 opinions
- Bischoff v. . Yorkville BankNew York Court of Appeals · 1916
- Ward v. City Trust Co. of New YorkNew York Court of Appeals · 1908
- Wagner Trading Co. v. Battery Park National BankNew York Court of Appeals · 1920
- Hall v. SINCLAIR REFINING COMPANYSupreme Court of North Carolina · 1955
- General Insurance Company of America v. FaulknerSupreme Court of North Carolina · 1963
13 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Trenton Trust Co. v. Western Surety Co.Supreme Court of Missouri · 1980
- Mary Kochton Appley v. Stuart West, Mary Kochton Appley v. National Republic Bank of ChicagoCourt of Appeals for the Seventh Circuit · 1987
- Master Chemical Corp. v. InkrottOhio Supreme Court · 1990
- Pargas, Inc. v. Estate of TaylorLouisiana Court of Appeal · 1982
- General Insurance Co. of America v. Commerce Bank of St. CharlesMissouri Court of Appeals · 1974
22 more not listed; retrieve them via the Exa API.