CUDAHY, Circuit Judge.
This appeal arises from a diversity action between two major insurance companies involving the interpretation of the terms of a fidelity bond issued by Aetna Casualty & Surety Company ("Aetna") to Continental Corporation ("Continental"). Continental sought indemnification from Aetna for significant losses it sustained due to the malfeasance of a former corrupt employee of its subsidiary, American Title Insurance ("American"). The former...
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