BANK OF MULBERRY v. FIREMAN'S FUND INS. CO.

No. 80-2002.

550 F.Supp. 1218 (1982)

BANK OF MULBERRY, Plaintiff, v. FIREMAN'S FUND INSURANCE COMPANY, Defendant and Third-Party Plaintiff, v. Joe A. ARNOLD, Third-Party Defendant.

United States District Court, W.D. Arkansas, Fort Smith Division.

November 10, 1982.


Attorney(s) appearing for the Case

David E. Smith and Ted Boswell, Bryant, Ark., for plaintiff.

Wm. Jackson Butt II, Davis, Cox & Wright, Fayetteville, Ark., for Fireman's Fund Ins. Co.

Charles Karr, Martin, Vater & Karr, Fort Smith, Ark., for Joe A. Arnold.


MEMORANDUM OPINION

H. FRANKLIN WATERS, District Judge.

Plaintiff, Bank of Mulberry, brought this diversity suit to collect proceeds under a fidelity bond issued by defendant, Fireman's Fund Insurance Company. The bond insured the Bank against losses resulting from the dishonest or fraudulent acts of its employees. The Bank alleged that during 1978 it suffered losses as a result of the dishonest or fraudulent acts of its former president, Joe A. Arnold, and...

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