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SEABOARD SURETY COMPANY v. GEORGIA CASUALTY & SURETY COMPANY

No. 20598.

327 F.2d 666 (1964)

SEABOARD SURETY COMPANY, Appellant, v. GEORGIA CASUALTY & SURETY COMPANY, Appellee.

United States Court of Appeals Fifth Circuit.

Rehearing Denied March 24, 1964.

Attorney(s) appearing for the Case

Sam F. Lowe, Jr., and Smith, Field, Ringel, Martin & Carr, Atlanta, Ga., for appellant.

Hugh M. Dorsey, Jr., Charles R. Adams, Jr., Atlanta, Ga. (Hansell, Post, Brandon & Dorsey, Atlanta, Ga., of counsel) for appellee.

Before CAMERON, WISDOM, and GEWIN, Circuit Judges.

PER CURIAM.

In this case the plaintiff sued on a comprehensive blanket insurance policy for fraud perpetrated by certain individuals. In an able opinion which discusses thoroughly the facts and the issues of law, Judge Lewis R. Morgan held that the misappropriation of funds and securities within the premises of a bank, which was holding the securities for the benefit of the insured, constituted a wrongful "abstraction" within the terms of the policy. The district...

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