Legal Opinion
Howard, Weil, Labouisse, Friedrichs, Inc., Cross v. Insurance Company of North America, Cross
Court of Appeals for the Fifth Circuit
Decided August 15, 1977No. 75-2003PublishedCited by 19 opinions
1Opinion of the Court
TJOFLAT, Circuit Judge:
Howard, Weil, Labouisse, Friedrichs, Inc. (Howard), a broker of securities and commodities, brought this diversity 'action against the Insurance Company of North America (INA) to recover on a brokers’ blanket bond. Howard had absorbed $154,-405 in trading losses which had occurred when one of its employees, using his position as a broker, speculated to the point of insolvency in the commodities market. Howard sought indemnification for the losses under the bond provision insuring it against employee dishonesty. 1 After a bench trial, INA was held liable on the bond, and…
2Cases cited15 opinions
- McAllister v. United StatesSupreme Court of the United States · 1954
- Kendrick v. MasonSupreme Court of Louisiana · 1958
- Broadway v. All-Star Insurance CorporationSupreme Court of Louisiana · 1973
- James M. Armstrong v. J. A. Collier, Superintendent of Mississippi State PenitentiaryCourt of Appeals for the Fifth Circuit · 1976
- Cargill, Inc. v. HardinCourt of Appeals for the Eighth Circuit · 1971
10 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Seacor Holdings, Inc. v. Commonwealth InsuranceCourt of Appeals for the Fifth Circuit · 2011
- Federal Deposit Insurance Corporation, in Its Corporate Capacity v. Fidelity & Deposit Company of MarylandCourt of Appeals for the Fifth Circuit · 1995
- American Commerce Insurance Brokers, Inc. v. Minnesota Mutual Fire & Casualty Co.Supreme Court of Minnesota · 1996
- Jack Austin, D/B/A Jack Austin & Associates, Cross v. D. R. Parker and J. A. McAlpin D/B/A M&m Construction Co., CrossCourt of Appeals for the Fifth Circuit · 1982
- James B. Lansing Sound, Inc. v. National Union Fire Insurance Company of Pittsburgh, Pa, a Pennsylvania CorporationCourt of Appeals for the Ninth Circuit · 1986
14 more not listed; retrieve them via the Exa API.