United States Eleventh Circuit

The term "taking over" was not ambiguous as used in a financial institution bond (a quasi-insurance policy) provision mandating that coverage ceased upon another entity's "taking over" the covered company, thus a corporation's acquisition of all the covered company's stock constituted a taking over, and coverage terminated at that time, before the loss at issue was discovered.

Appellate Information

• Decided 04/19/2002
• Published 04/19/2002

Judges

• CARNES, Circuit Judge:, Before EDMONDSON, CARNES and SILER, Circuit Judges.

Court

• United States Eleventh Circuit

Counsel

• For Appellees:
  
• Louis C. Roberts, New York City, G. Michael Banick, Bodker, Ramsey & Andrews, P.C., Atlanta, GA, for Plaintiff-Counter-Defendant-Appellant., E. Berton Spence, Henry E. Simpson, Lange, Simpson, Robinson & Somerville, Birmingham, AL, Richard Dale Hall, Mozley, Finlayson & Loggins, Atlanta, GA, for Defendant-Counter-Claimant-Appellee.