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MANLEY, BENNETT, McDONALD v. ST. PAUL FIRE

No. 85-1006.

791 F.2d 460 (1986)

MANLEY, BENNETT, McDONALD & CO., Plaintiff-Appellee, v. ST. PAUL FIRE & MARINE INSURANCE CO., Defendant-Third-Party Plaintiff-Appellant, v. John S. ALBRIGHT, et al., Third-Party-Defendants.

United States Court of Appeals, Sixth Circuit.

Decided May 27, 1986.

Rehearing and Rehearing Denied August 7, 1986.

Attorney(s) appearing for the Case

Jeannette A. Paskin, Southfield, Mich., Paul Callam (argued), for defendant-third-party plaintiff-appellant.

Robert S. Krause (argued), Detroit, Mich., for plaintiff-appellee.

Before MERRITT and JONES, Circuit Judges, and EDWARDS, Senior Circuit Judge.

Rehearing and Rehearing En Banc Denied August 7, 1986.

MERRITT, Circuit Judge.

This is a declaratory judgment action arising out of two stockbrokers' fidelity bonds issued by St. Paul, committing it to indemnify Manley, Bennett, a stockbrokerage firm, against dishonest or fraudulent acts by its own general partners or employees. Because we find that this case is an inappropriate one for declaratory judgment, we vacate the judgment of the District Court and...

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