PORTLAND FED. EMP. CR. U. v. CUMIS INS. SOC., INC.

No. 88-3501.

894 F.2d 1101 (1990)

PORTLAND FEDERAL EMPLOYEES CREDIT UNION, a non-profit corporation, Plaintiff-Appellant, v. CUMIS INSURANCE SOCIETY, INC., a corporation, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Decided January 25, 1990.


Attorney(s) appearing for the Case

Raymond C. Leake, Crane & Leake, P.C., Durango, Colo., Preston C. Hiefield, Norville & Hiefield, and Bartley F. Day, Lindstedt & Buono, P.C., Portland, Or., for plaintiff-appellant.

I. Franklin Hunsaker, Bullivant, Houser, Bailey, Pendergrass & Hoffman, Portland, Or., for defendant-appellee.

Before BROWNING, WALLACE and FLETCHER, Circuit Judges.


PER CURIAM:

Portland Federal Employees Credit Union (Portland) appeals from the district court's entry of summary judgment in favor of Cumis Insurance Society, Inc. (Cumis) on the question whether a fidelity bond issued by Cumis covers certain losses Portland suffered because of its employees' fraud, dishonesty, or lack of faithful performance. The parties dispute whether these losses qualify as losses of "property" as defined by the fidelity bond. The district court...

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