1. Home
  2. Browse Decisions
  3. N.W.2d
  4. 447 N.W.2d
  5. 447 N.W.2d 171 (1989)
 

NATIONAL CITY BANK v. ST. PAUL FIRE & M.

No. C6-88-1378.

447 N.W.2d 171 (1989)

NATIONAL CITY BANK OF MINNEAPOLIS, Respondent, v. ST. PAUL FIRE & MARINE INSURANCE COMPANY, petitioner, Appellant.

Supreme Court of Minnesota.

November 3, 1989.

Attorney(s) appearing for the Case

R.D. Blanchard, Thomas H. Crouch, Meagher, Geer, Markham, Anderson, Adamson, Flaskamp & Brennan, Minneapolis, for appellant.

John H. Daniels, Jr., Robert R. Nardi, Willeke & Daniels, Minneapolis, for respondent.

David H. Gregerson, Lang, Pauly & Gregerson, Ltd., Minneapolis, for Transamerica Ins. Co. of California — Amicus.

Gregory M. Bistram, Leonard W. Glewwe, Moore, Costello & Hart, St. Paul, for Continental Ins. Co. — Amicus.

Heard, considered, and decided by the court en banc.

OPINION

POPOVICH, Chief Justice.

As a result of the acceptance by respondent National City Bank of Minneapolis ("National City") of two fake stock certificates as collateral for a loan, the bank sought indemnification, following default by the borrower, under its Bankers Blanket Bond ("Bond") from appellant St. Paul Fire & Marine Insurance Company ("SPF & MI"). Appellant denied coverage under the Bond because the fake stock certificates were not...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases