The Hobart Manufacturing Company v. The Fidelity & Deposit Company of Maryland

CELEBREZZE, Circuit Judge.

Plaintiff-Appellant, The Hobart Manufacturing Company, appeals from a final judgment for Defendant-Appellee, The Fidelity & Deposit Company of Maryland, entered on a motion for a directed verdict at the close of the Plaintiff’s evidence. The parties will be hereinafter referred to as Plaintiff and Defendant. D. Omer Tobias, an employee of Plaintiff, swindled from the Plaintiff approximately $400,000., therefore this appeal necessitates a determination of the extent of coverage of Clauses 1 and 1(a) of Defendant’s depositor’s forgery bond.

Plaintiff is one of the…