District Court, S.D. New York September 10, 1990, 83 Civ. 5095 (KTD) (French American Banking Corp. v. Flota Mercante Grancolombiana, S.A.)

OPINION

KEVIN THOMAS DUFFY, District Judge:

Plaintiff French American Banking Corporation (“FABC”) brings this diversity action seeking to recover approximately $4 million, plus accrued interest, from defendant Fireman’s Fund Insurance Company (“Fireman’s”) under a Banker’s Blanket Bond (“Bond”) issued by Fireman’s to FABC.