Judge Denies Summary Judgment Motions In Suit Over Bank’s $1.8M Embezzlement Loss
(August 16, 2016, 12:15 PM EDT) -- SHREVEPORT, La. — A Louisiana federal judge on Aug. 1 denied summary judgment motions in a dispute over coverage under a financial institution bond for a bank’s alleged $1,796,156.20 in losses stemming from its former vice president’s embezzlement scheme (Everest National Insurance Co. v. Tri-State Bancshares Inc., et al., No. 15-1491, W.D. La.; 2016 U.S. Dist. LEXIS 104534).