Legal Opinion
Levi Strauss & Co. v. Aetna Casualty & Surety Co.
California Court of Appeal
Decided August 29, 1986No. A027729PublishedCited by 21 opinions
1Opinion of the Court
Opinion
SCOTT, J.
Levi Strauss & Co. (Levi) filed a complaint on a fidelity bond against Aetna Casualty and Surety Company (Aetna), seeking indemnification for losses resulting from the 1977 fraud of one of its employees in Buenos Aires, Argentina. Trial was by jury and Levi was awarded $527,270. Both Levi and Aetna have appealed. We affirm the judgment.
Between 1977 and the 1984 trial, the value of the Argentine peso against the dollar plunged precipitously, from approximately 350 pesos per dollar in April 1977 to 290,720 pesos per dollar in February 1984. As this case illustrates, when the…
2Cases cited14 opinions
- Reserve Insurance Co. v. PisciottaCalifornia Supreme Court · 1982
- White v. Western Title InsuranceCalifornia Supreme Court · 1985
- Newmont Mines Limited and Esso Resources Canada Limited v. Hanover Insurance Company & Utica Mutual Insurance CompanyCourt of Appeals for the Second Circuit · 1986
- Caminetti v. Pac. Mut. Life Ins. Co. of Cal.California Supreme Court · 1943
- Deutsche Bank Filiale Nurnberg v. HumphreySupreme Court of the United States · 1926
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3Cited by21 opinions
- People ex rel. Lockyer v. R.J. Reynolds Tobacco Co.California Court of Appeal · 2003
- Principal Mutual Life Insurance v. Vars, Pave, McCord & FreedmanCalifornia Court of Appeal · 1998
- Ben-Zvi v. Edmar Co.California Court of Appeal · 1995
- Series AGI West Linn of Appian Group Investors DE, LLC v. EvesCalifornia Court of Appeal · 2013
- VONS COS., INC. v. US Fire Ins. Co.California Court of Appeal · 2000
16 more not listed; retrieve them via the Exa API.