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FEDERAL DEPOSIT INSURANCE CORPORATION v. LOTT

No. 71-2065.

460 F.2d 82 (1972)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellee-Cross Appellant, v. A. W. LOTT, Defendant, John A. Wheeler, Ottis Isom, et al., Defendants-Cross Appellees, Aetna Casualty & Surety Company, Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

Rehearing and Rehearing May 23, 1972.

Attorney(s) appearing for the Case

James A. Williams, C. Edward Fowler, Jr., Woodfin C. Henderson, Bailey, Williams, Westfall & Henderson, Dallas, Tex., for defendant-appellant.

Frank L. Skillern, Jr., Royal H. Brin, Jr., Dallas, Tex., M. Warlick Carr, Lubbock, Tex., Leslie H. Fisher, Gen. Counsel; William E. Murane, Gen. Counsel, Myers N. Fisher, Asst. Gen. Counsel, F.D.I.C., Washington, D. C., for Federal Deposit Ins. Corp.; Strasburger, Price, Kelton, Martin & Unis, Dallas, Tex., Key, Carr, Evans & Fouts, Lubbock, Tex., of counsel.

James H. Milam, Crenshaw, Dupree & Milam, Lubbock, Tex., for John A. Wheeler.

George F. Gilkerson, Lubbock, Tex., for Ottis Isom.

Travis D. Shelton, Lubbock, Tex., for A. W. Lott.

Charles L. Cobb, Jack P. Driskill, McWhorter, Cobb & Johnson, Lubbock, Tex., for Leslie Huckaby and Leon Williams.

Before BELL, DYER and CLARK, Circuit Judges.

Rehearing and Rehearing En Banc May 23, 1972.

DYER, Circuit Judge:

In this appeal we are called upon to decide whether the notice requirements of a banker's blanket bond were complied with and whether the bank president's knowledge of his own fraudulent acts is to be imputed to the bank for purposes of terminating liability under the bond. A jury, on special issues, found against Aetna on its bonds. We affirm the judgment...

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