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ST. PAUL FIRE & MARINE INS. v. COMMODITY CREDIT CORP.

No. 78-3537.

646 F.2d 1064 (1981)

ST. PAUL FIRE & MARINE INSURANCE COMPANY and Boston Insurance Company, Plaintiffs, v. COMMODITY CREDIT CORPORATION, United Farmers Marketing Assn. and George Cochran, Defendants, UNITED STATES of America, Counterplaintiff-Appellant, v. ST. PAUL FIRE & MARINE INSURANCE COMPANY and Boston Insurance Company, Counterdefendants-Appellees.

United States Court of Appeals, Fifth Circuit.

June 4, 1981.

Attorney(s) appearing for the Case

Leonard Schaitman, Appellate Staff, John F. Cordes, Civil Div. Dept. of Justice, Washington, D. C., for counterplaintiff-appellant.

Marian Mayer Berkett, New Orleans, La., Donald M. Hunt, Lubbock, Tex., for St. Paul Fire & Marine Ins. Co.

Before ALVIN B. RUBIN, HENDERSON and REAVLEY, Circuit Judges.

HENDERSON, Circuit Judge.

Our task in this appeal is to review the decision of the district court that two sureties, St. Paul Fire & Marine Insurance Company (St. Paul) and Boston Insurance Company (Boston) were released from their obligations on certain bonds because of the actions of the creditor, Commodity Credit Corporation (CCC). The duties arising from these bonds are at issue. The trial court held that St. Paul was released on its September, 1963 and January...

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