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KEENE CORP. v. INTERNATIONAL FIDELITY INS. CO.

No. 83-1492.

736 F.2d 388 (1984)

KEENE CORPORATION, Plaintiff-Appellee, v. INTERNATIONAL FIDELITY INSURANCE COMPANY, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided May 29, 1984.

Opinion June 13, 1984.

Attorney(s) appearing for the Case

Thomas S. Novak, Sills, Beck, Cummis, Zuckerman, Radin & Tischman, Newark, N.J., for defendant-appellant.

Richard L. Horwitz, David J. Chroust, Drendel, Schanlaber, Horwitz & Oakes, Aurora, Ill., for plaintiff-appellee.

Before CUMMINGS, Chief Judge, COFFEY, Circuit Judge, and BEATTY, District Judge.

CUMMINGS, Chief Judge.

The appeal in this diversity suit involves a dispute between defendant-appellant International Fidelity Insurance Company ("Fidelity"), a surety, and plaintiff-appellee Keene Corporation ("Keene"), its obligee, in regard to two surety agreements guaranteeing contract performance by Chicago Automatic Machine, Inc. ("Chicago Automatic"). The district court granted Keene's motion for summary judgment, holding that Fidelity is obligated to reimburse...

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