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RBC DAIN RAUSCHER INC. v. FEDERAL INS. CO.

No. CIV 03-2609DSDSRN.

370 F.Supp.2d 886 (2005)

RBC DAIN RAUSCHER, INC., a Minnesota corporation, f/k/a Dain Rauscher Incorporated, Plaintiff, v. FEDERAL INSURANCE COMPANY, an Indiana corporation, and Travelers Casualty and Surety Company of America, a Connecticut corporation, Defendants.

United States District Court, D. Minnesota.

May 10, 2005.

Attorney(s) appearing for the Case

Timothy D. Kelly, John D. Bessler, Daniel C. Bryden, and Kelly & Berens, Minneapolis, counsel for plaintiff.

Russell S. Ponessa, Brian L. Lindberg, Mark T. Berhow and Hinshaw & Culbertson, Minneapolis, and Donald L. Mrozek, Esq., Renee P. O'Neill, and Hinshaw & Culbertson, Chicago, IL counsel for defendants.

ORDER

DOTY, District Judge.

This matter is before the court upon the parties' cross motions for summary judgment. Based upon a review of the file, record and proceedings herein, the court grants plaintiff's motion in part, denies plaintiff's motion in part and denies defendants' motion.

BACKGROUND

This is an action on a fidelity bond. Plaintiff RBC Dain Rauscher, Inc., ("RBC Dain") the...

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