Alicia Ocean Transport v. Rollins Burdick Hunter of New York, Inc.

OPINION

MacMAHON, District Judge.

This is an action by eight former owners of eight seagoing vessels against a marine insurance broker, Rollins Burdick Hunter of New York, Inc. (“RBH”), to recover $242,822.57 in insurance proceeds. Plaintiffs allege that RBH received the proceeds and either wrongfully paid them to Equity Steamship Agencies, Ltd. (“Equity”), the former general managing agent of plaintiffs’ vessels, or wrongfully withholds them. RBH denies liability but seeks indemnification from Equity if plaintiffs recover. The action was tried before us, without a jury, on September 19 and 20,…