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FIRST NAT. BANK OF COLUMBUS v. HANSEN

No. 77-094.

84 Wis.2d 422 (1978)

267 N.W.2d 367

FIRST NATIONAL BANK OF COLUMBUS, Plaintiff-Respondent, v. HANSEN, Defendant: CAPITOL INDEMNITY CORPORATION, and another, Defendants-Appellants and Third-Party Plaintiffs: WESTERN SURETY COMPANY, Third-Party Defendant: ARNOLD, and others, Additional Third-Party Defendants.

Supreme Court of Wisconsin.

Decided June 30, 1978.

Attorney(s) appearing for the Case

For the appellants there were briefs by Bruce Gillman and Tomlinson, Gillman & Travers, S. C. and oral argument by Bruce Gillman, of Madison.

For the plaintiff-respondent there was a brief by Thomas J. Curran and Curran, Curran & Hollenbeck and oral argument by Thomas J. Curran of Mauston.

For additional third-party defendants-respondents there was a brief by Cross, Wagner & Mercer and oral argument by Clyde C. Cross of Baraboo.

CALLOW, J.

This appeal arises out of an action commenced in August, 1975, by the First National Bank of Columbus, Wisconsin, to recover on two fidelity bank bonds issued to insure the Bank against losses resulting from the fraudulent and dishonest acts of its employees. The defendants, Capitol Indemnity Corporation and Fidelity and Deposit Company of Maryland, are the bonding companies; the defendant David C. Hansen, is the former executive vice-president of the Bank...

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