Legal Opinion
Liberty National Bank v. Aetna Life & Casualty Co.
District Court, D. New Jersey
Decided June 24, 1983No. Civ. A. 78-1843PublishedCited by 22 opinions
1Opinion of the Court
OPINION
SAROKIN, District Judge.
In this diversity action, Liberty National Bank (“the Bank”), a New Jersey corporation, seeks recovery under a Bankers Blanket Bond (“the Bond”) issued by Aetna Life & Casualty Company (“Aetna”), a corporation incorporated under the laws of the State of Connecticut. In 1976 the Bank made a demand loan in the amount of $112,500 to Edward M. Vaughn and a similar loan in the amount of $112,000 to his mother, Ruth D. Martin. The loans were secured by certificates of deposit (“the CDs”) purportedly issued by the National Bank of Commerce, LTD., (“NBC”), an entity…
2Cases cited23 opinions
- Goodman v. Mead Johnson & Co.Court of Appeals for the Third Circuit · 1976
- Kearny PBA Local 21 v. Town of KearnySupreme Court of New Jersey · 1979
- Calcasieu-Marine National Bank of Lake Charles v. American Employers' Insurance Co., Louisiana Bank & Trust Co., Cross v. The Employers Liability Assurance Corp., CrossCourt of Appeals for the Fifth Circuit · 1976
- Fidelity & Deposit Company of Maryland, a Corporation of the State of Maryland v. Hudson United Bank, a Banking Corporation of the State of New JerseyCourt of Appeals for the Third Circuit · 1981
- The Exchange National Bank of Olean v. Insurance Company of North AmericaCourt of Appeals for the Second Circuit · 1965
18 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- National City Bank of Minneapolis v. St. Paul Fire & Marine Insurance Co.Supreme Court of Minnesota · 1989
- Jefferson Bank v. Progressive Casualty Insurance CompanyCourt of Appeals for the Third Circuit · 1992
- Federal Deposit Insurance v. Firemen's InsuranceCourt of Appeals for the Fifth Circuit · 1997
- Hartford Accident & Indemnity Insurance v. Washington National InsuranceDistrict Court, N.D. Illinois · 1986
- French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.District Court, S.D. New York · 1990
17 more not listed; retrieve them via the Exa API.