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ROODHOUSE NAT. BANK v. FIDELITY & DEPOSIT CO. OF MARYLAND

No. 17959.

426 F.2d 1347 (1970)

ROODHOUSE NATIONAL BANK, Plaintiff-Appellee, v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Rehearing Denied July 8, 1970.

Attorney(s) appearing for the Case

John P. Hampton, Dent, Hampton & Doten, Chicago, Ill., James E. McDaniel, Barnard, Timm & McDaniel, St. Louis, Mo., for defendant-appellant.

Jewell I. Dilsaver, Joseph R. Spitz, Dilsaver, Gilkerson & Spitz, Mattoon, Ill., Harvey B. Stephens, Brown, Hay & Stephens, Springfield, Ill., for plaintiff-appellee.

Before SWYGERT, Chief Judge, and KILEY and KERNER, Circuit Judges.

SWYGERT, Chief Judge.

Roodhouse National Bank brought this diversity action against Fidelity and Deposit Company of Maryland seeking recovery under a Bankers' Blanket Bond issued by Fidelity. The district court held that losses sustained by Roodhouse in connection with the purchase by the bank of 161 fictitious retail installment contracts from B. L. Adkins were covered by Clause B of the bond and awarded judgment in favor of Roodhouse in the amount of $165,055.05...

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