The pitfalls of fidelity insurance; banks seeking coverage for employee fraud face four hurdles: timely notice, discovery, termination and manifest intent
Article Abstract:
Insurers for bank-employee fraud often raise four obstacles to recovery for fraudulent loans. The bank must give timely notice of the fraud, usually within 30 days of discovery, to the insurer. Discovery of the fraud must occur during the period covered by the insurance bond. If directors or officers knew of the employee's dishonest character before the fraud was committed, the bond is vitiated. Intention of harm to the bank is required, though courts have at least three standards for measuring intent.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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Wall St. firm faces $75M gay-bias-suit
Article Abstract:
Daniel v. Dresdner Bank is a federal district court case in which the plaintiff, a former assistant vice pres at the bank claiming to have been just promoted to vice pres, alleges that he was demoted after a conversation about a weekend at a gay beach community was overheard and fired after a memo to the human resources department asking for consideration of same-sex benefits for employees' domestic partners. Dresdner claims the termination was due to a downsizing after a bank merger.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1998
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Online banking could get scary for lawyers
Article Abstract:
Attorneys using online banking software face a daunting array of possibilities. They can take care of financial matters such as transferring money and checking their mutual funds. Cocktail parties in the StockTalk chat rooms and interactive finance-oriented computer games are among the other possibilities.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1997
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- Abstracts: The future environment for life insurance: a broad view. The federal budget deficit: needless worries and legitimate concerns
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