Royal Indemnity Co. v. Michael Petrozzino, Jr., Patrick Murano and Terrill H. Hallman
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
ALDISERT, Circuit Judge.
In this diversity action we are to determine whether the insurer of a bank is barred by the New Jersey statute of limitations from proceeding against a bank robber. The district court held that the insurer failed to commence its action within the applicable six-year period and dismissed the claim. Although there is no New Jersey decision precisely on point, we believe the New Jersey Supreme Court would hold that the action was timely. We therefore reverse the judgment of the district court.
I
On September 4, 1964, the Citizens National Bank in…
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