The Vons Companies, Inc.,plaintiff-Appellant v. Federal Insurance Company,opinion

How courts have described this case

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

• denying coverage for investors’ losses, where investors relied on fictitious grocery-diverting transactions fraudulently confirmed by an alleged employee of the covered employer
• purporting to apply a stricter standard and stating that “direct means direct” cause
• insured’s delay in filing claim with insurer until after settlement of liability actions “illustrates the ‘conditional’ nature of the loss, taking it out of policy”
• no direct loss where insured settled with third parties who lost money in part because of an employee’s dishonest representations to them
• “Under the insuring clauses, [Plaintiff] is covered only for direct losses to [Plaintiff] caused by its employee’s dishonesty, not for vicarious liability for losses suffered by others arising from its employee’s tortious conduct.”

Source: CourtListener parenthetical corpus (CC0).