Prince v. Royal Indemnity Co.

MEMORANDUM OF DECISION

LYNCH, District Judge.

This is an action brought by the plaintiff to recover on a fire insurance policy issued by defendant. Jurisdiction in this Court is based on diversity, 28 U.S.C. Section 1332. The parties have submitted a stipulation of facts and hav*1077ing waived a trial of the issues, seek this Court’s decision based on the stipulation of facts as to which party is entitled to judgment. A summary of the parties’ stipulation of facts follows:

Plaintiffs W. Wood Prince and James F. Donovan are and have been trustees of the Central Manufacturing District since before…