Resolution Trust Corporation v. Fidelity And Deposit Company Of Maryland

How courts have described this case

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

• stating unpaid extensions of credit and additional loans could be direct losses as a result of employee misconduct
• insured is permitted “to prove the employee’s subjective purpose by introducing objective^ circumstantial] evidence of the employee’s intent”
• “neither an employee’s recklessness [n]or his knowledge that a result was substantially certain to occur would satisfy the language of the policy, absent [an] inference of specific intent ” to cause the insured’s loss
• “inasmuch as proof of recklessness and/or the employee’s knowledge of the likelihood that a loss was to result both serve as manifestations of the employee’s specific purpose or design, we hold that a jury may consider those factors, along with any other objective indicia of intent....”

Source: CourtListener parenthetical corpus (CC0).