Court of Appeals for the Fifth Circuit August 24, 1973, 73-1349 (Bank of Dade v. Fidelity and Deposit Company of Maryland)

AINSWORTH, Circuit Judge:

The question for decision in this unusual Georgia diversity case is whether

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a robbery by extortion of plaintiff bank’s funds constitutes a loss covered by the standard form Banker’s Blanket Bond insurance policy issued to the bank by the defendant insurer.

The facts are undisputed, having been stipulated by the parties.