Plaintiffs (Starr) seek to recover under a fidelity bond issued by defendants for alleged defalcations by Global Warranty Group (GWG), with which Starr had entered into an agreement to provide warranties on consumer electronics. The period of the bond was the calendar year 2014. The bond provided that it terminated as to any employee upon the discovery by Starr or any of its officers or directors of any "dishonest or fraudulent act" committed at any time by the employee....
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