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DELMAR BANK OF UNIVERSITY CITY v. FIDELITY & DEP. CO. OF MD.

No. 68 C 106(3).

300 F.Supp. 496 (1969)

DELMAR BANK OF UNIVERSITY CITY, a Missouri corporation, Plaintiff, v. FIDELITY & DEPOSIT COMPANY OF MARYLAND, a Maryland corporation, Defendant and Third-Party Plaintiff, v. Pearce H. YOUNG, Third-Party Defendant.

United States District Court E. D. Missouri, E. D.

June 3, 1969.

Attorney(s) appearing for the Case

Bryan, Cave, McPheeters & McRoberts, St. Louis, Mo., for plaintiff.

Barnard, Timm & McDaniel, St. Louis, Mo., for defendant and third-party plaintiff.

Shaw, Hanks & Bornschein, Clayton, Mo., for third-party defendant.

MEMORANDUM OPINION AND ORDER

REGAN, District Judge.

In this diversity action tried to the Court on stipulated facts, Delmar Bank of University City seeks to recover on a Bankers Indemnity Bond issued by defendant whereby defendant agreed to hold plaintiff harmless from loss through forgery of, on or in any check.

Pearce H. Young, an employee of General American Life Insurance Company, directed and caused that company from time to time over a two...

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