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PHOENIX SAVINGS AND LOAN, INC. v. AETNA CASUALTY & SURETY CO.

Civ. A. No. 15470.

302 F.Supp. 832 (1969)

PHOENIX SAVINGS AND LOAN, INC. v. The AETNA CASUALTY AND SURETY COMPANY.

United States District Court D. Maryland.

March 6, 1969.

Attorney(s) appearing for the Case

Clarence W. Sharp, Towson, Md., and Herbert H. Rosenbaum, Baltimore, Md., for plaintiff.

Elmer W. Beasley, Hartford, Conn., and William B. Kempton, Baltimore, Md., for defendant.

MEMORANDUM OPINION

NORTHROP, District Judge.

Phoenix Savings and Loan (Phoenix) brought this action against defendant Aetna Casualty & Surety Company (Aetna) seeking indemnity under savings and loans blanket discovery bonds for losses alleged to have been sustained by Phoenix through the dishonest and fraudulent acts of persons covered by the bond. Defendant Aetna, while contesting some of the losses, has primarily relied upon several, approximately...

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