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SNYDER NATIONAL BANK v. WESTCHESTER FIRE INSURANCE CO.

Civ. A. No. CA 3-1667.

294 F.Supp. 500 (1968)

SNYDER NATIONAL BANK, Plaintiff, v. WESTCHESTER FIRE INSURANCE COMPANY, Defendant.

United States District Court N. D. Texas, Dallas Division.

December 27, 1968.

Attorney(s) appearing for the Case

Jenkens, Anson, Spradley & Gilchrist and Thomas W. Luce, III, Dallas, Tex., for plaintiff.

Bailey, Williams, Weber & Allums, James A. Williams, Dallas, Tex., for defendant.

OPINION

WILLIAM M. TAYLOR, Jr., District Judge.

Plaintiff Bank seeks recovery on a Banker's Blanket Bond issued by Defendant Insurance Company to plaintiff. The question is whether or not plaintiff's loss incurred as a result of extending credit upon the basis of a forged telegram is covered by the bond. The facts have been stipulated and both parties have filed motions for summary judgment.

From the stipulated facts it appears that on August 19...

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