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FEDERAL DEPOSIT INS. CORP. v. AMERICAN SURETY CO. OF N. Y.

No. 2325.

39 F.Supp. 551 (1941)

FEDERAL DEPOSIT INS. CORPORATION v. AMERICAN SURETY CO. OF NEW YORK.

District Court, W. D. Kentucky, at Louisville.

June 30, 1941.

Attorney(s) appearing for the Case

Wilson W. Wyatt, Baldwin C. Burnam, and Peter, Heyburn, Marshall & Wyatt, all of Louisville, Ky., for plaintiff.

J. McCauley Smith, Squire Ogden, and Ogden, Galphin, Tarrant & Street, all of Louisville, Ky., for defendant.

MILLER, District Judge.

The Federal Deposit Insurance Corporation as receiver of the Taylor National Bank of Campbellsville, Kentucky, brought this action to recover of the defendant, American Surety Company of New York, the sum of $11,008.06 with 6% interest from July 13, 1938 as the unpaid balance due to it under the defendant's Bankers Blanket Bond whereby the defendant agreed to indemnify the insured in an amount not exceeding $25,000 against direct loss sustained...

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