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BANK SOUTHWEST v. NATIONAL SURETY COMPANY

No. 72-1858.

477 F.2d 73 (1973)

BANK of the SOUTHWEST, Plaintiff-Appellant, v. NATIONAL SURETY COMPANY, Defendant-Appellee.

United States Court of Appeals, Fifth Circuit.

April 6, 1973.

Attorney(s) appearing for the Case

Edwin L. Davis, Dallas, Tex., for plaintiff-appellant.

James A. Knox, Charles J. McGuire, Dallas, Tex., for defendant-appellee.

Before GEWIN, SIMPSON and RONEY, Circuit Judges.

RONEY, Circuit Judge:

Plaintiff Bank seeks recovery under a Bankers Blanket Bond for losses sustained on three collateral loan transactions. The Court ruled as a matter of law that none of the collateral pledged for the loans was forged, counterfeit, or stolen within the Bond's meaning and that the coverage for loss of money through false pretenses did not apply to these loan transactions. The Court granted the defendant bonding company summary judgment as to one...

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