National Surety Corporation v. Rauscher, Pierce & Co., Inc.

*574JOHN R. BROWN, Circuit Judge.

This appeal involves the question of liability under a Brokers Blanket Bond purchased to indemnify the Insured against any loss sustained due to dishonest, fraudulent or criminal acts of its employees and for court cost and reasonable attorney’s fees incurred by the Assured in defending suits arising from such acts. The District Court sitting without a jury allowed Rauscher, Pierce and Company, Inc., the Assured, recovery in the amount of $73,131.07 against National Surety Corporation, the Bond underwriter. National Surety appeals from the decision.

Rauscher,…