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MARYLAND CASUALTY COMPANY v. BANK OF CHARLOTTE

Civ. No. 1754.

227 F.Supp. 649 (1964)

MARYLAND CASUALTY COMPANY, Plaintiff, v. BANK OF CHARLOTTE, Defendant.

United States District Court W. D. North Carolina, Charlotte Division.

Decided March 19, 1964.

Attorney(s) appearing for the Case

Hunter M. Jones, Charlotte, N. C., for plaintiff.

S. Dean Hamrick and James D. Monteith, Charlotte, N. C., for defendant.

CRAVEN, Chief Judge.

Wisely, as it turned out, Southern Investment Company, Inc. purchased from Maryland Casualty Company a fidelity bond guarding against faithless employees. Over a period of some years the Secretary of Southern, by simple deceit difficult to detect, misappropriated some $18,000.00. Briefly stated,1 the Secretary's method of operation was to make out checks payable to the...

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