Mabrey Bancorporation, Inc. v. Everest National Insurance Company
Case Number:
4:19-cv-00571
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January 30, 2023
Bank Takes ATM Fraud Coverage Suit To 10th Circ.
A bank that was hit by ATM scammers using counterfeit debit cards is appealing an Oklahoma federal court's ruling that it can't get coverage for its losses under a financial institution bond, setting the stage for the Tenth Circuit to rule on a question of first impression in Oklahoma.
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January 10, 2023
Bank Denied Redo In ATM Fraud Coverage Suit
An Oklahoma federal judge on Tuesday rejected a bank's request for a redo on the court's decision that the notice-prejudice rule does not apply to financial institution bonds, saying the bank hasn't alleged the existence of new law or evidence.
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May 27, 2022
Bank Wants Redo In ATM Fraud Coverage Suit
An Oklahoma federal court should reconsider its decision that the notice-prejudice rule does not apply to financial institution bonds, Mabrey Bancorporation Inc. said in its claim-denial dispute with Everest National Insurance Co. over fraudulent ATM withdrawals.
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May 04, 2022
No Coverage For Bank's ATM Fraud Losses, Okla. Judge Says
A bank that was hit by ATM scammers who stole cash using counterfeit debit cards can't get coverage for its losses under a financial institution bond, an Oklahoma federal judge ruled Wednesday, finding that the bank didn't timely report its losses to its insurer.