Federal Deposit Insurance Corporation v. Aetna Casualty and Surety Company

How courts have described this case

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

• knowledge of defalcator \and the directors associated with him cannot be imputed to the Bank since they were acting adversely to its interests.\
• FDIC disposed of nonconforming notes after the termination of bond period and suffered a net loss of $408,362.97
• knowledge of defalcator “and the directors associated with him cannot be imputed to the Bank since they were acting adversely to its interests.”
• the well established rule is that discovery occurs when the insured has “acquired knowledge of some specific fraudulent or dishonest act which might involve the [Insurer] in liability for the misconduct”

Source: CourtListener parenthetical corpus (CC0).