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PACIFIC INDEMNITY CO. v. SECURITY FIRST NAT. BANK

Docket No. 29733.

248 Cal.App.2d 75 (1967)

56 Cal. Rptr. 142

PACIFIC INDEMNITY COMPANY, Plaintiff and Appellant, v. SECURITY FIRST NATIONAL BANK, Defendant and Respondent.

Court of Appeals of California, Second District, Division Two.

January 25, 1967.

Attorney(s) appearing for the Case

Anderson, McPharlin & Conners and Robert C. Haase, Jr., for Plaintiff and Appellant.

Voegelin, Barton, Harris & Callister, E. Talbot Callister and Robert A. Smith for Defendant and Respondent.

HERNDON, J.

Plaintiff Pacific Indemnity Company appeals from the judgment denying it any recovery from respondent bank for sums paid by plaintiff under its indemnity contract with Credit Managers Association of Southern California in compensation for losses sustained by Credit Managers by reason of the alleged negligent and unauthorized actions of respondent bank which enabled one Nolan Brown, a Credit Managers employee, to consummate his plan to embezzle his employer...

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