Federal Judge Dismisses Bank's Coverage Action Arising From Customer's Suit

LONDON, Ky. - A federal judge in Kentucky on Sept. 26 granted a bank employee's motion to dismiss a coverage suit a bank brought against its insurer and the former employee, finding that the bank did not state a claim against the employee, who was a defendant in an underlying suit a bank customer brought against the bank (Monticello Banking Co. v. Everest National Insurance Co., et al., No.13-00017, E.D. Ky.; 2013 U.S. Dist. LEXIS 138082).

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