Manley Bennett, McDonald & Co. v. St. Paul Fire & Marine Insurance

OPINION AND ORDER

FEIKENS, District Judge.

Before me are St. Paul Fire & Marine Insurance Company’s (St. Paul) motion for summary judgment and motion to add third-party defendants, and Manley Bennett, McDonald & Co.’s (MBM) motion for summary judgment. The issues are: (1) whether St. Paul is obligated to indemnify MBM (a stock-brokerage firm) for the legal fees and expenses it incurred in defending itself against two lawsuits under the terms of two surety bonds requiring indemnification for such costs due to the dishonest or fraudulent acts' of MBM partners or employees (these “defense costs”…