Legal Opinion

IBM Poughkeepsie Employees Federal Credit Union v. Cumis Insurance Society, Inc.

District Court, S.D. New York

Decided July 3, 1984No. 83 Civ. 5353PublishedCited by 15 opinions

1Opinion of the Court

OPINION

EDWARD WEINFELD, District Judge.

Plaintiff, a federally chartered credit union located at Poughkeepsie, New York, commenced this action against Cumis Insurance Society (“Cumis”), which had issued to plaintiff a “Credit Union Discovery Bond” (“the policy”), indemnifying plaintiff against certain specified losses. Plaintiff seeks by this action to recover a loss it sustained when Penn Square Bank of Oklahoma City, Oklahoma (“Penn Square”), which had issued certificates of deposit to plaintiff, failed. Cumis moves for summary judgment pursuant to Rule 56 of the Federal Rules of Civil…

2Cases cited36 opinions

  1. Adickes v. S. H. Kress & Co.Supreme Court of the United States · 1970
  2. Annette Heyman v. Commerce and Industry Insurance CompanyCourt of Appeals for the Second Circuit · 1975
  3. Quinn v. Syracuse Model Neighborhood Corp.Court of Appeals for the Second Circuit · 1980
  4. Bank of Marin v. EnglandSupreme Court of the United States · 1966
  5. Schering Corporation, Plaintiff-Appellee-Cross-Appellant v. Home Insurance Company, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 1983

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3Cited by15 opinions

  1. Consarc Corporation v. Marine Midland Bank, N.A.Court of Appeals for the Second Circuit · 1993
  2. Geler v. National Westminster Bank USADistrict Court, S.D. New York · 1991
  3. United States Department of Health and Human Services v. Robert Porter Smith and Julie Rose SmithCourt of Appeals for the Eighth Circuit · 1986
  4. Alfin, Inc. v. Pacific InsuranceDistrict Court, S.D. New York · 1990
  5. Broadway National Bank v. Progressive Casualty InsuranceDistrict Court, S.D. New York · 1991

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