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FIRST DEFIANCE FINANCIAL v. PROGRESSIVE CAS. INS.

Case No. 3:08 CV 2429.

688 F.Supp.2d 703 (2010)

FIRST DEFIANCE FINANCIAL CORPORATION, et al., Plaintiffs, v. PROGRESSIVE CASUALTY INSURANCE COMPANY, Defendant.

United States District Court, N.D. Ohio, Western Division.

February 25, 2010.

Attorney(s) appearing for the Case

Thomas P. Dillon, Shumaker, Loop & Kendrick, Toledo, OH, Craig A. Hoffman, Phillip J. Smith, Vorys, Sater, Seymour & Pease, Cincinnati, OH, William J. Pohlman, Vorys, Sater, Seymour & Pease, Columbus, OH, for Plaintiffs.

John M. Carey, Watkins, Bates & Carey, Toledo, OH, Keith G. Flanagan, Scott L. Schmookler, Clausen Miller, Chicago, IL, for Defendant.

MEMORANDUM OPINION AND ORDER

JACK ZOUHARY, District Judge.

INTRODUCTION

This is a disagreement over whether a fidelity bond covers a bank employee's theft of money from customers' brokerage accounts. Plaintiffs First Defiance Financial Corporation (FDF), First Federal Bank of the Midwest (the Bank), and First Insurance and Investments, Inc. (FII) (collectively: First Defiance), purchased a Financial Institution Bond (bond) from Defendant...

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