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FID. & DEPOSIT CO. OF MD. v. RELIANCE FEDERAL SAV. AND LOAN ASS'N

Nos. 85-1843, 85-2535.

795 F.2d 42 (1986)

FIDELITY AND DEPOSIT COMPANY OF MARYLAND, a Maryland corporation, Plaintiff-Appellant, v. RELIANCE FEDERAL SAVINGS AND LOAN ASSOCIATION, Defendant-Appellee, and Le Roy Cech, Defendant.

United States Court of Appeals, Seventh Circuit.

Decided July 7, 1986.

Attorney(s) appearing for the Case

Edward P. McNeela, McNeela & Griffin, Ltd., Chicago, Ill., for plaintiff-appellant.

Robert J. Cozzi, Galliani & Doell, Ltd., Chicago, Ill., for defendant-appellee.

Before FLAUM and RIPPLE, Circuit Judges, and ESCHBACH, Senior Circuit Judge.

FLAUM, Circuit Judge.

Fidelity and Deposit Company of Maryland brought an action for declaratory judgment against Reliance Federal Savings and Loan Association, asking the district court to hold that a bond it had issued did not cover a $247,500 loss claimed by Reliance. After a bench trial the court entered judgment in favor of Fidelity, finding that although Reliance had prevailed on the issue of coverage, it had failed to give Fidelity the required notification...

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