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RESEARCH EQUITY FUND, INC. v. INS. CO. OF N. AMERICA

No. 77-1467.

602 F.2d 200 (1979)

RESEARCH EQUITY FUND, INC., Appellant, v. The INSURANCE COMPANY OF NORTH AMERICA, Appellee.

United States Court of Appeals, Ninth Circuit.

Rehearing Denied July 11, 1979.

Attorney(s) appearing for the Case

Fred C. Aldridge, Jr., of Stradley, Ronon, Stevens & Young, Philadelphia, Pa., for appellant.

Nicholas Deriman, of Swaner, Leslie & Deriman, San Francisco, Cal., for appellee.

Before WRIGHT and KILKENNY, Circuit Judges, and PFAELZER, District Judge.

PFAELZER, District Judge:

This case involves certain fidelity bonds issued to appellant Research Equity Fund, Inc., formerly Winfield Growth Fund ("WGF"), a mutual fund, by appellee Insurance Company of North America ("INA"). Jurisdiction is based upon diversity of citizenship, 28 U.S.C. § 1332. The District Court held that the bonds did not cover the losses suffered by appellant and entered judgment for INA. We affirm.

I

FACTS

WGF...

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