FIRST FEDERAL BANK v. HARTFORD ACC. AND INDEM.

No. CIV 90-4172.

762 F.Supp. 1352 (1991)

FIRST FEDERAL BANK, F.S.B., Plaintiff, v. HARTFORD ACCIDENT AND INDEMNITY COMPANY, Defendant.

United States District Court, D. South Dakota, S.D.

May 7, 1991.


Attorney(s) appearing for the Case

Nancy L. Cameron, St. Paul, Minn., for plaintiff.

Paul T. Barnett, Sioux Falls, S.D., R.D. Blanchard, Minneapolis, Minn., for defendant.


MEMORANDUM OPINION AND ORDER

JOHN B. JONES, Chief Judge.

BACKGROUND

Defendant Hartford wrote a fidelity bond for plaintiff First Federal Bank with an effective date of October 1, 1985 and a limit of liability of $1,230,000.

The insuring agreement for the fidelity coverage insured against:

"(A) Loss resulting directly from dishonest or fraudulent acts of an Employee committed alone or...

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