1. Home
  2. Browse Decisions
  3. N.W.2d
  4. 790 N.W.2d
  5. 790 N.W.2d 866 (2010)
 

STATE EX REL. WAGNER v. AMWEST SUR. INS.

No. S-09-1128.

790 N.W.2d 866 (2010)

280 Neb. 729

STATE of Nebraska ex rel. L. Tim WAGNER, Director of Insurance of the State of Nebraska, appellee, v. AMWEST SURETY INSURANCE Company, appellee, and Federal Deposit Insurance Corporation, receiver for NetBank, F.S.B., claimant, appellant.

Supreme Court of Nebraska.

October 29, 2010.

Attorney(s) appearing for the Case

Robert B. Bernstein , of Vandenberg & Feliu, L.L.P., James G. Powers and Michael T. Eversden , of McGrath, North, Mullin & Kratz, P.C., L.L.O., Omaha, and William V. Custer , LeeAnn Jones , and Jennifer B. Dempsey , of Bryan Cave, L.L.P., for appellant.

Robert L. Nefsky , John H. Binning , and Jane F. Langan , of Rembolt Ludtke, L.L.P., Lincoln, for appellee Director of Insurance.

HEAVICAN, C.J., WRIGHT, CONNOLLY, GERRARD, STEPHAN, McCORMACK, and MILLER-LERMAN, JJ.

CONNOLLY, J.

SUMMARY

During 1999 and 2000, NetBank, a federal savings bank; Commercial Money Center (CMC); and Amwest Surety Insurance Company (Amwest) entered into seven agreements. Under these agreements, Amwest undertook the duty to perfect NetBank's security interests in the underlying collateral so that NetBank would be protected from subsequent creditors or a CMC bankruptcy. Amwest never perfected the security interests, and CMC later filed for bankruptcy...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases