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FIRST NAT. BANK CO., ETC. v. INSURANCE CO.

No. 78-1234.

606 F.2d 760 (1979)

FIRST NATIONAL BANK COMPANY OF CLINTON, ILLINOIS, a National Banking Association, Plaintiff-Appellee, v. INSURANCE COMPANY OF NORTH AMERICA, a corporation and Hartford Accident and Indemnity Company, a corporation, Defendants-Appellants.

United States Court of Appeals, Seventh Circuit.

Decided September 28, 1979.

Attorney(s) appearing for the Case

John P. Ewart, Mattoon, Ill., for defendants-appellants.

Andrew R. Laidlaw, Chicago, Ill., for plaintiff-appellee.

Before CUMMINGS and SPRECHER, Circuit Judges, and LEIGHTON, District Judge.

LEIGHTON, District Judge.

The issue in this appeal is whether the district judge committed procedural and substantive errors when he granted partial summary judgment to plaintiff-appellee, a bank, and determined the liability of defendant-appellants, two insurance companies. The bank filed suit alleging that while bankers blanket bonds sold to it by the insurance companies were in force, losses totalling $421,116.03 were...

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