Chartered New England Corporation v. Hartford Accident & Indemnity Company, Defendants-Third-Party v. Milton Bombach, Third-Party

478 F.2d 701, 1973 U.S. App. LEXIS 9233

• Court: Court of Appeals for the Third Circuit
• Decided: June 22, 1973
• Docket: 72-2214
• Status: Published

Opinion

PER CURIAM:

In this suit on a broker’s employees blanket fidelity bond, we are asked to review a summary judgment for the defendant. The question is whether the insured’s negotiations with and entry into agreements with the employee and third person debtors regarding the loss were of such import as to relieve the insurer of liability on the bond, and, more particularly, whether there is a genuine issue as to any material fact which requires reversal.

Having studied the briefs, considered extended oral argument,_ reviewed the record, and conducted substantial independent legal research, the Court is of the opinion that there is no error in the trial court proceedings or in the trial judge’s disposition of the case.

Affirmed.