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Legal Opinion

Ætna Casualty & Surety Co. v. First Trust & Savings Bank

Court of Appeals for the Fifth Circuit

Decided December 21, 1932No. 6625PublishedCited by 6 opinions

1Opinion of the Court

SIBLEY, Circuit Judge.

The First Trust & Savings Bank sued ¿Etna Casualty & Surety Company at law on a fidelity bond because of dishonest acts of an employee Anderson. Both sides moving for a directed verdict, the court directed it for the bank. The surety company appeals, alleging that action to be error because the loss claimed was not discovered within twelve months from the termination of the bond and because no loss occurred during the period covered thereby.

By the bond dated July 6, 1928, the surety company “in consideration of an annual premium agrees to indemnify the Bank against…

2Cases cited1 opinion

  1. Royal Indemnity Co. v. North Texas Nat. BankTexas Commission of Appeals · 1930

3Cited by6 opinions

  1. Central National Chicago Corp. v. Lumbermens Mutual Casualty Co.Appellate Court of Illinois · 1977
  2. Continental Casualty Co. v. First Nat. BankCourt of Appeals for the Fifth Circuit · 1941
  3. Fenner v. American Surety Co. of New YorkCourt of Appeals of Texas · 1941
  4. Fort Smith Tobacco & Candy Co. v. American Guarantee & Liability InsuranceDistrict Court, W.D. Arkansas · 1962
  5. White Dairy Co. v. St. Paul Fire and Marine Insurance Co.District Court, N.D. Alabama · 1963

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