Auburn Knitted Fabrics, Inc. v. Globe Indemnity Co.

This is an action of contract to recover interest on the proceeds of an insurance policy which was subject to a Trustee Process Writ. The trial justice denied a requested ruling by the defendant which asserted that it was relieved of any obligation to pay interest on the insurance proceeds because of the pendency of the trustee process. The defendant being aggrieved by the denial of the ruling claims this report to the Appellate Division.

*2On June 25, 1968, the plaintiff, a manufacturing company (hereinafter Auburn) entered into a “Massachusetts Standard Policy” with the defendant, an insurance…