Lenfest v. Coldwell

GURFEIN, Circuit Judge:

This is an appeal from a decision by Judge Carter in the United States District Court for the Southern District of New York, denying plaintiffs any recovery on their “Anticipated Profits” marine insurance policy. Plaintiff FerroBet Corporation was the time charterer of the vessel S.S. PANOCEAN from October, 1963 until sometime in the sum*720mer of 1964.1 Plaintiffs Lenfest2 and Yarrington were financiers of Ferro-Bet. All plaintiffs were insured under an “Anticipated Profits” policy issued by a group of London marine insurers who have designated Harold Coldwell as their…