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ARLINGTON TRUST CO. v. HAWKEYE-SECURITY INS. CO.

Civ. A. No. 4625.

301 F.Supp. 854 (1969)

ARLINGTON TRUST COMPANY, Inc., Plaintiff, v. HAWKEYE-SECURITY INSURANCE CO., Defendant.

United States District Court E. D. Virginia, Alexandria Division.

June 20, 1969.

Attorney(s) appearing for the Case

James H. Simmonds, Arlington, Va., for plaintiff.

Henry R. Furr, Falls Church, Va., of counsel, J. Harry Welch, Washington, D. C., for defendant.

MEMORANDUM OPINION

OREN R. LEWIS, District Judge.

The bank (Arlington Trust Company) lost a considerable sum of money on certain loans made through its Bill of Lading Loan Department. These losses allegedly resulted from the dishonest, fraudulent or criminal act of one of its assistant vice presidents then in charge of that department.

Claim was timely filed with Hawkeye (Hawkeye-Security Insurance Co.), the insurance carrier on the bank's blanket...

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