Agoos Leather Companies, Inc. v. American & Foreign Insurance

The plaintiffs (referred to individually as Leather and Tanning) seek to recover upon six insurance policies for the loss by fire of their tanning factory buildings in Lynn. These policies insured “Agoos Leather Companies, Inc. and/or Agoos Tanning Co.” for an aggregate face amount of $100,000 with respect to “an idle . . . vacant and unsprinklered plant.” The plaintiffs “decided to liquidate the business” and the plant ceased operations as a tannery about Labor Day, 1956. It burned on November 29, 1956.

The jury found for the plaintiffs in the sum of $81,410 which included interest from…