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BANCO DE SAN GERMAN, INC. v. MARYLAND CASUALTY CO.

No. 672-68.

344 F.Supp. 496 (1972)

BANCO DE SAN GERMAN, INC., and Banco Popular De Puerto Rico, Plaintiffs, v. MARYLAND CASUALTY COMPANY, Defendant.

United States District Court, D. Puerto Rico.

May 17, 1972.

Attorney(s) appearing for the Case

Rafael Baragano Diez, of Baragano, Arzuaga & Zayas, San Juan, P. R., for plaintiff Banco Popular de Puerto Rico.

Ivan Diaz de Aldrey, of Brown, Newsom & Cordova, San Juan, P. R., for plaintiff Banco de San German, Inc.

Francisco Agrait Oliveras, of Agrait-Oliveras & Otero, San Juan, P. R., for defendant.

FINDINGS OF FACT, CONCLUSIONS OF LAW AND JUDGMENT

CHRISTENSEN, Senior District Judge (Assigned).

This is a diversity action filed by two Puerto Rican banks against a Maryland insurance company based on two fidelity bonds covering employees of plaintiff Banco de San German, Inc. The complaint alleged that plaintiff Banco de San German, Inc., suffered a loss in the total sum of $1,544,365.30,1...

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