MITSUI MFRS. BANK v. FEDERAL INS. CO.

No. 85-6083.

795 F.2d 827 (1986)

MITSUI MANUFACTURERS BANK, Plaintiff-Appellant, v. FEDERAL INSURANCE COMPANY, a corporation; Hartford Accident & Indemnity Company, a corporation; Insurance Company of North America, a corporation, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided July 28, 1986.


Attorney(s) appearing for the Case

John A. Schwimmer, Alschuler, Grossman & Pines, Los Angeles, Cal., for plaintiff-appellant.

William I. Chertok, Phillips, Nizer, Benjamin, Krim & Ballon, Los Angeles, Cal., for defendants-appellees.

Before HUG and FLETCHER, Circuit Judges, and GEORGE, District Judge.


HUG, Circuit Judge:

This case involves the interpretation of a banker's blanket bond ("bond"). Mitsui Manufacturers Bank ("Mitsui") suffered losses from deposits that were credited to a customer's account, but were not collected because the endorsements on the deposited checks were forged. The central question is whether a clause of the bond excluded such losses from coverage. The district court entered summary judgment for the appellee bonding companies, and Mitsui...

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