ONE AM. CORP. v. FIDELITY & DEP. CO. OF MD.

No. 94-CA-1043.

658 So.2d 23 (1995)

ONE AMERICAN CORPORATION and First American Bank and Trust Company v. FIDELITY AND DEPOSIT COMPANY OF MARYLAND.

Court of Appeal of Louisiana, Fifth Circuit.

June 28, 1995.


Attorney(s) appearing for the Case

William F. Grace, Jr., Kenneth J. Servay, Chaffe, McCall, Phillips, Toler & Sarpy, L.L.P., New Orleans, Roy M. D'Aquila, Jeffrey A. Jones, Demartini, LeBlanc, D'Aquila & Volk, Kenner, Leon C. Vial, III, Hahnville, for plaintiffs-appellees.

Eugene R. Preaus, Edward J. Parr, Jr., Preaus, Roddy & Krebs, New Orleans, for defendant-appellant.

Before GAUDIN, WICKER and GOTHARD, JJ.


GAUDIN, Judge.

The sole issue involved in this appeal is whether fake stock certificates are in fact counterfeit under the terms and conditions of an indemnity policy. If false certificates are counterfeit as defined by and in the policy, the insurer pays; if not, there is no coverage.

For the following reasons, we affirm the judgment of the 29th Judicial District Court in favor of the First American Bank and which found the bank's loss covered by an...

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