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CAMBRIDGE TRUST CO. v. COMMERCIAL UNION INS.

No. 90-P-1300.

32 Mass. App. Ct. 561 (1992)

591 N.E.2d 1117

CAMBRIDGE TRUST COMPANY vs. COMMERCIAL UNION INSURANCE COMPANY.

Appeals Court of Massachusetts, Suffolk.

May 22, 1992.

Attorney(s) appearing for the Case

David A. Grossbaum for the defendant.

Peter S. Terris for the plaintiff.

Present: BROWN, KASS, & LAURENCE, JJ.

KASS, J.

As a result of manipulation by an employee of its check proofing and transit system, the plaintiff Cambridge Trust Company (the bank) claims to have lost $187,125. Commercial Union Insurance Company (CU), which had issued to the bank a form of fidelity bond called a financial institutions bond, paid only $14,7031 on the bond. That amount CU acknowledged as stolen; the balance...

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