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MATTER OF WORLD HOSPITALITY LTD.

No. 92-2620 Summary Calendar.

983 F.2d 650 (1993)

In the Matter of WORLD HOSPITALITY LIMITED, Debtor. Rodney TOW, in place of William E. Heitkamp, Trustee, Appellant, v. Kenneth S. WOHL and Fidelity & Casualty Company, Appellees.

United States Court of Appeals, Fifth Circuit.

February 16, 1993.

Attorney(s) appearing for the Case

Thomas G. Overbeck, Brill, Sinex, & Stephenson, Houston, TX, for appellant.

Kenneth S. Wohl, pro se.

Stephen Baskind, Vial, Hamilton, Koch & Knox, Dallas, TX, for Fidelity and Cas. Co.

Before JOLLY, DUHÉ, and BARKSDALE, Circuit Judges.

E. GRADY JOLLY, Circuit Judge:

In this case, we decide the reach of a bond that Fidelity & Casualty Co. ("Fidelity") issued to World Hospitality, Ltd., Inc. ("World") to cover losses that result from the dishonest or fraudulent acts of World's employees. The losses arose while World was failing. Kenneth S. Wohl, World's dominant shareholder, fraudulently appropriated some of World's assets before the company filed for...

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