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F.D.I.C. v. INSURANCE CO. OF NORTH AMERICA

Civil Action No. 94-11078-REK.

928 F.Supp. 54 (1996)

FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver of The Bank for Savings, Plaintiff, v. INSURANCE COMPANY OF NORTH AMERICA, Defendant. INSURANCE COMPANY OF NORTH AMERICA, Third Party Plaintiff, v. Paul J. BONAIUTO and Delores DiCologero, Third Party Defendants.

United States District Court, D. Massachusetts.

March 15, 1996.

Attorney(s) appearing for the Case

Ben L. Fernandez, David R. Jimenez, Fitzhugh & Associates, Boston, MA, Evan S. Widlitz, Kathleen M. Balderston, Sharon P. Carlstedt, Reid & Priest, New York City, Leila R. Kern, Kern, Hagerty, Roach & Carpenter, Boston, MA, for Plaintiff.

Francis J. Gallagher, Gerald W. Motejumas, Lecomte, Emanuelson & Tick, Boston, MA, for Defendant.

Opinion

KEETON, District Judge.

This action was brought by the Federal Deposit Insurance Corporation ("FDIC") as Receiver of The Bank for Savings ("Bank") against Insurance Company of North America ("INA"). FDIC seeks to recover on a Financial Institution Bond ("Bond") for losses suffered by the Bank and allegedly insured under the Bond. Before the court at this time is the Defendant's Motion for Summary Judgment (Docket No. 19, filed August 15, 1995). Because...

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