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ORITANI SAV. AND LOAN v. FIDELITY AND DEPOSIT CO.

Civ. A. No. 89-5355.

741 F.Supp. 515 (1990)

ORITANI SAVINGS AND LOAN ASSOCIATION, Plaintiff, v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND, Defendant.

United States District Court, D. New Jersey.

July 6, 1990.

Attorney(s) appearing for the Case

Andrew T. Fede, Contant, Schuber, Scherby & Atkins, Hackensack, N.J., for plaintiff.

Joseph P. McNulty, McElroy, Duetsch & Mulvaney, Morristown, N.J., for defendant.

OPINION

HAROLD A. ACKERMAN, District Judge.

INTRODUCTION

Plaintiff, Oritani Savings & Loan Corporation, ("Oritani"), seeks a declaratory judgment in this matter that defendant, Fidelity & Deposit Company of Maryland, ("Fidelity"), is obligated to indemnify it under a Savings and Loan Blanket Bond (an insurance contract) executed between the parties. Oritani also claims that Fidelity breached its covenant of good faith and fair dealing by...

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