Direct Mortgage Corp. v. National Union Fire Insurance

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• concluding that the Utah Supreme Court would most likely adopt the direct-means-direct approach as better reasoned and more consistent with the traditional nature of fidelity bonds and the specific language at issue
• noting that courts in various jurisdictions are split over what a “direct loss” is and siding with the “direct is direct” approach, which “requires a court to focus on whether the employer suffered actual depletion of funds as a direct (immediate
• noting that courts in various jurisdictions are split over what a “direct loss” is and siding with the “direct is direct” approach, which “requires a court to focus on whether the employer suffered actual depletion of funds as a direct (immediate
• addressing losses sustained first by third parties, which were then passed onto the insured
• “The court’s ruling [on coverage] does not dispose of [the plaintiff’s] claim for breach of contract for not adjudicating or paying the claim. . . . Because [the claim is] factually and analytically distinct from the issue of coverage, [it is] not moot.”

Source: CourtListener parenthetical corpus (CC0).