1. Home
  2. Browse Decisions
  3. N.W.2d
  4. 439 N.W.2d
  5. 439 N.W.2d 188 (1989)
 

AMERICAN TRUST & SAV. v. U.S. FIDELITY

No. 88-933.

439 N.W.2d 188 (1989)

AMERICAN TRUST & SAVINGS BANK, Dubuque, Iowa, Plaintiff, v. UNITED STATES FIDELITY AND GUARANTY COMPANY, Defendant. UNITED STATES FIDELITY AND GUARANTY COMPANY, Third-Party Plaintiff, v. O'CONNOR BROOKS & COMPANY, a Partnership, Glen L. Hardin, William H. Leglar, James R. Estling, Donald H. Melby, Steven J. Domeyer, Jeffrey L. Gonner, Ralph Brooks, James K. Kircher, John P. Merges, Jr., and Roger V. Mandersheid, Third-Party Defendants. O'CONNOR, BROOKS, & COMPANY, a Partnership, Appellant, v. F. Collier ALTMAN, Christy F. Armstrong, Frank H. Bertsch, Douglas H. Buswell, Davis B. Cassat, Paul D. Dale, D.W. Ernst, Paul J. Frommelt, Cyril P. Frommelt, Robert J. Gerstenberger, Courtland Hillyard, Robert G. Holscher, Arnold N. Honkamp, David P. Hopley, Herbert L. Hughes, Leo F. Kane, M.L. Kapp, W.J. Klauer, J. Bruce McDonald, John M. McDonald, William D. McGeehan, Leo J. Meier, Robert E. Molo, Louis H. Pfohl, Charles J. Schrup, Jr., Nicholas J. Schrup, Robert W. Steele, Charles E. Stoltz, Leo A. Theisen, Robert C. Wahlert, Cyril Wissel, and Fred J. Pape, Appellees.

Supreme Court of Iowa.

April 19, 1989.

Attorney(s) appearing for the Case

Carol A.H. Freeman of Lane & Waterman, Davenport, for appellant.

Francis J. O'Connor, Brendan T. Quann and Stephen C. Krumpe of O'Connor & Thomas, P.C., Dubuque, for appellees.

Considered by McGIVERIN, C.J., and LARSON, SCHULTZ, LAVORATO and ANDREASEN, JJ.

SCHULTZ, Justice.

This appeal arose out of a third-party action filed by an accounting firm which was originally sued by a bank and its bonding company for negligence in failing to discover an embezzlement. The accounting firm sought indemnity or contribution from the bank's current and past members of the board of directors, claiming a breach of their duty of ordinary care owed the bank. In response to the directors' motion...

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