Federal Deposit Ins. v. Hartford Accident & Indemnity Co.

HULEN, District Judge.

Plaintiff, as purchaser of certain of the assets of the Brazeau Bank, brings this suit for $19,695.12, on a fidelity bond issued to the bank as insured', alleging the sum was lost by the insured through false representation, and covered by defendant’s fidelity bond. Jury was waived and the case is now for decision on its merits.

William J. Schneier had an account in his name in the insured bank. Schneier, as one of two partners, had an account with the Bank of Altenburg in the name of PI & F Truck Service. For the purpose of obtaining money from the insured, Schneier,…