Federal Insurance v. Groveland State Bank
Appellate Division of the Supreme Court of the State of New York
1Opinion of the CourtDel Vecchio, J.
Plaintiff, as subrogee by virtue of payment under an employees’ fidelity bond, seeks to recover $333,829.74 (less applicable salvage), the sum received by defendant Grove-land State Bank on cashing checks drawn to its order by plaintiff’s assignor, Lincoln Rochester Trust Company, and credited by defendant to an account of one of its depositors, Jaquish, an embezzling trust officer of Lincoln.
There is no dispute 'as to the events that gave rise to the litigation. During the period from May 13, 1966 to September 2, 1969 Jaquish, in his capacity as an employee in the personal trust department…
2Cases cited7 opinions
- Shipman v. Bank of New YorkNew York Court of Appeals · 1891
- Sims v. . U.S. Trust Co. of New YorkNew York Court of Appeals · 1886
- Munn v. BoasbergNew York Court of Appeals · 1944
- Matteawan Manufacturing Co. v. Chemical Bank & Trust Co.Appellate Division of the Supreme Court of the State of New York · 1935
- Pacific Indemnity Co. v. Security First Nat. BankCalifornia Court of Appeal · 1967
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3Cited by9 opinions
- Federal Insurance v. Arthur Andersen & Co.New York Court of Appeals · 1990
- Federal Insurance v. Groveland State BankNew York Court of Appeals · 1975
- Govoni & Sons Construction Co. v. Mechanics BankMassachusetts Appeals Court · 2001
- Kosic v. Marine Midland BankAppellate Division of the Supreme Court of the State of New York · 1980
- Swiss Credit Bank v. Chemical BankDistrict Court, S.D. New York · 1976
4 more not listed; retrieve them via the Exa API.