Schmitt v. Insurance Company of North America
N/AOUTCOME: Surety won on appeal and obtained indemnity
Claim on a statutory Motor Vehicle Dealer's Bond. Surety was exonerated by reason of release of bond principal.
Los Angeles, CA
Mediation Lawyer at Los Angeles, CA
Practice Areas: Mediation, Arbitration
OUTCOME: Surety won on appeal and obtained indemnity
Claim on a statutory Motor Vehicle Dealer's Bond. Surety was exonerated by reason of release of bond principal.
OUTCOME: Court of Appeal ruled on "loss" definition.
Claim on a fidelity bond. The case involved the definition of "loss" under the bond definition.
OUTCOME: Summary judgment granted for bonding company. Affirmed on appeal.
Claim of loss by reason of dishonesty under a fidelity policy. Facts were known before policy went into effect, except for unsupported allegations of bribery. Case established that when facts were kn ... own determined discovery of "loss" under a Savings and Loan Blanket Bond.