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DIAMOND TRANSP. SYSTEM v. TRAVELERS INDEM.

No. 92 C 3996.

817 F.Supp. 710 (1993)

DIAMOND TRANSPORTATION SYSTEM, INC., a Wisconsin Corporation, Plaintiff, v. The TRAVELERS INDEMNITY CO., Defendant.

United States District Court, N.D. Illinois, E.D.

March 5, 1993.

Attorney(s) appearing for the Case

Marvin N. Benn, Dawn Marie Cassie, George W. Hamman, Richard J. Superfine, Hamman & Benn, Chicago, IL, for plaintiff.

Edward John Zulkey, Donald J. Hayden, Baker & McKenzie, Chicago, IL, for defendant.

MEMORANDUM OPINION

GRADY, District Judge.

This case comes before the court on defendant's motion to dismiss. For the reasons given below, defendant's motion is granted.

FACTS

On May 17, 1987, defendant Travelers Indemnity Company ("Travelers") issued a Commercial Crime Bond to plaintiff Diamond Transportation System, Inc., ("Diamond"). The bond, which insured Diamond against loss resulting from employee dishonesty, had a one-year term and...

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