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BRALKO HOLDINGS, LTD. v. INS. CO. N. A.

Docket No. 124595.

193 Mich. App. 157 (1992)

483 N.W.2d 929

BRALKO HOLDINGS, LTD v. INSURANCE COMPANY OF NORTH AMERICA

Michigan Court of Appeals.

Decided March 2, 1992, at 9:15 A.M.

Attorney(s) appearing for the Case

Joseph Falcone, P.C. (by Joseph Falcone), for Bralko Holdings, Ltd.

Mager, Monahan, Donaldson & Alber (by Lita Masini Popke), for Insurance Company of North America.

Before: MacKENZIE, P.J., and SAWYER and JANSEN, JJ.

SAWYER, J.

Bralko Holdings, Ltd., appeals from an order of the circuit court granting summary disposition in favor of Insurance Company of North American (ICNA) in Bralko's garnishment action against a broker's blanket fidelity bond issued by ICNA covering third-party-defendant Barbret-LaBadie, Inc. We affirm.

In the underlying action, Bralko obtained a $100,000 consent judgment against Barbret-LaBadie on a claim based upon the payment of $100,000 in commissions...

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