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NEW MEXICO SAV. & L. ASS'N v. UNITED STATES FIDELITY & G. CO.

No. 71-1032.

454 F.2d 328 (1972)

NEW MEXICO SAVINGS & LOAN ASSOCIATION, a New Mexico Corporation, Appellant, v. UNITED STATES FIDELITY AND GUARANTY COMPANY, a Maryland Corporation, Appellee.

United States Court of Appeals, Tenth Circuit.

January 5, 1972.

Attorney(s) appearing for the Case

John P. Eastham, and Duane C. Gilkey, Albuquerque, N. M., for appellant.

Russell Moore, and William K. Stratvert, Albuquerque, N. M., for appellee.

Before SETH, HAMLEY, and HOLLOWAY, Circuit Judges.

HAMLEY, Circuit Judge.

New Mexico Savings & Loan Association (New Mexico Savings) brought this diversity action against United States Fidelity and Guaranty Company (bonding company) for recovery under the fidelity coverage of a savings and loan blanket bond. New Mexico Savings alleged that it had suffered a substantial loss through the dishonest, fraudulent or criminal acts of its employees, acting alone or in collusion with others. The bonding company denied...

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