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LOCUS CONSTRUCTION COMPANY, INC. v. HOLLEY

No. 18582.

524 S.W.2d 357 (1975)

LOCUS CONSTRUCTION COMPANY, INC., Appellant, v. William M. HOLLEY and National Surety Corporation, Appellees.

Court of Civil Appeals of Texas, Dallas.

May 22, 1975.

Attorney(s) appearing for the Case

Tom D. Matthews, Jr., Matthews, Matthews, Sechrist & Madrid, Dallas, for appellant.

James H. Baumgartner, Jr., Vial, Hamilton, Koch, Tubb, Knox & Stradley, Tom Sands, McDearman, Lair, Ballas, Sands & Pierce, Dallas, for appellees.

AKIN, Justice.

Locus Construction Company sued to recover money alleged to be fraudulently converted for the use and sole benefit of the defendant William Holley, a former executive vice president of Locus. Locus joined National Surety Corporation as a defendant to recover money allegedly due under a blanket position bond insuring Locus against any loss of money or other property which Locus sustained through any fraudulent...

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