United States Seventh Circuit
First State Bank of Monticello v. Ohio Cas. Ins. Co., 06-3685, 06-3794
In a suit arising out of the denial of coverage under a bond for losses suffered by a bank through fraud, summary judgment for plaintiff-bank is affirmed where: 1) the fraudulent scheme was a covered risk under the bond's terms; 2) an exclusion for losses caused by an employee did not apply; and 3) plaintiff's tardy application for statutory prejudgment interest was brought too late to entitle it to an award.
Appellate Information
- Argued 01/09/2008
- Decided 02/05/2009
- Published 02/05/2009
Judges
- SYKES, Circuit Judge., Before WOOD, SYKES, and TINDER, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellees:
- Tracy C. Litzinger (argued), Jeffrey G. Sorenson, Howard & Howard, Peoria, IL, for Plaintiff-Appellee, Cross-Appellant., Edward M. Kay, Chip G. Schoneberger (argued), Clausen Miller PC, Chicago, IL, for Defendant-Appellant, Cross-Appellee.