MEMORANDUM OPINION AND ORDER
JOHN B. JONES, Chief Judge.
BACKGROUND
Defendant Hartford wrote a fidelity bond for plaintiff First Federal Bank with an effective date of October 1, 1985 and a limit of liability of $1,230,000.
The insuring agreement for the fidelity coverage insured against:
"(A) Loss resulting directly from dishonest or fraudulent acts of an Employee committed alone or...
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