Gross Veneer Co. v. American Mutual Insurance

from an order of the Supreme Court at Special Term, entered February 16, 1979 in St. Lawrence County, granting plaintiff partial summary judgment. On October 24, 1968, defendant American Mutual Insurance Companies and plaintiff Gross Veneer Company, Inc., entered into a manufacturer’s blanket crime policy insuring plaintiff against employee dishonesty. Following an embezzlement of funds by an alleged employee of plaintiff, this action was commenced to recover the full amount of the policy, the embezzled amount being far in excess of the policy maximum. The complaint alleged that plaintiff…