Home Life Insurance Company, New York, Cross-Appellant v. Equitable Equipment Company, Inc., Cross-Appellee

ALVIN B. RUBIN, Circuit Judge:

This case turns on a single question of law: is an employer liable for the fraudulent misrepresentations of his employee made to further the employee’s peculations while apparently acting for the employer in the course of the employer’s business? Our jurisdiction being founded on diversity, as surrogate Louisiana judges we conclude that Louisiana courts would visit responsibility on the employer, and we, therefore, affirm the judgment of the district court finding the employer liable. Finding that the district court did not allow the injured third party the full…