Posts tagged TSG.
The Eleventh Circuit Court of Appeals recently issued an opinion in Bank of Brewton v. The Travelers Companies, Inc., 777 F.3d 1339 (11th Cir. February 9, 2015), addressing whether, under Alabama law, a duly authorized stock certificate procured under false pretenses constituted a "counterfeit" document triggering coverage under a financial institution bond. The Court found that it did not. The case arose out of several loans made by the Bank of Brewton to a customer named Hines. As collateral, Hines had assigned to the bank certain shares of stock in a company named The Securance ...
Posted in: Eleventh Circuit Court of Appeals
Tags: alabama, Bank of Brewton v The Travelers Companies, Counterfeit, Eleventh Circuit Court of Appeals, Financial Institution Bond, Fraudulently Procured, Fraudulently Procured vs Counterfeit, georgia, Stock Certificates, The Securance Group, TSG