Legal Opinion
Fleet Business Credit, L.L.C. v. Global Aerospace Underwriting Managers Ltd.
District Court, S.D. New York
Decided July 6, 2011No. 02 CV 3721 BSJ JCF, 02 CV 9360 BSJ JCFPublished
1Opinion of the Court
OPINION
BARBARA S. JONES, District Judge.
INTRODUCTION
These consolidated cases arise out of insurance claims for the loss of aircraft and engine parts made by Fleet Business Credit LLC (“Fleet”), a lessor, and Highland Capital Management LP (“Highland”), a secured lender, to Tower Air, Inc. (“Tower”). Fleet and Highland were “additional insureds” under an Airline Hull, Spares and Liability Policy (the “Policy”) issued to Tower. When Tower filed for bankruptcy, Plaintiffs attempted to recover their leased or financed equipment and found that the equipment had been stripped of numerous valuable…
2Cases cited7 opinions
- International Multifoods Corporation v. Commercial Union Insurance Co.Court of Appeals for the Second Circuit · 2002
- Ingersoll Milling Machine Co. v. M/V BodenaCourt of Appeals for the Second Circuit · 1987
- National Union Fire Insurance Company of Pittsburgh, Pa. v. The Stroh Companies, Inc. And the Stroh Brewery CompanyCourt of Appeals for the Second Circuit · 2001
- In Re Balfour MacLaine International Limited, Debtor. Atlantic Mutual Insurance Company v. Balfour MacLaine International Limited Van Ekris & Stoett Inc. Amro Bank Bank Brussels Lambert, S.A. Banque Indosuez Bsi-Banca Della Svizzera Italiana, Insurance Company of North America v. Armenia Coffee Corporation, Rafael Espinosa & Hnos., Bankers Trust Company, National Westminster Bank, American Express Bank Ltd., Chase Manhattan Bank, N.A., French American Banking Corp., Chemical Bank, First Fidelity Bank, New Jersey, Pbtc International Bank, Credit Agricole Cnca, Baii Banking CorporationCourt of Appeals for the First Circuit · 1996
- Holmes v. Gary Goldberg & Co.Appellate Division of the Supreme Court of the State of New York · 2007
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