Union Planters Corp. v. Harwell

NEARN, Judge.

Union Planters National Bank filed suit against its former employee, Joseph P. Har-well, and his surety bondsmen, Fidelity and Deposit Company of Maryland and United States Fidelity and Guaranty Company, alleging that Harwell, while in plaintiff’s employment, had, by means of embezzlement and by fraudulent conduct in the making of loans to certain customers, caused a substantial loss to plaintiff. A judgment was sought against Harwell for the amount of the loss and against the sureties for the amount owed under the terms of the respective surety bond agreements.

In his answer,…