International Business Machines v. Fernstrom Storage & Van Co. (In re Fernstrom Storage & Van Co.)
Court of Appeals for the Seventh Circuit
1Opinion of the Court
FLAUM, Circuit Judge.
On June 30, 1979, fire damaged a Birmingham, Michigan, warehouse owned by debtor Bradley Moving and Storage Company, a subsidiary of debtor Fernstrom Storage and Van. The blaze destroyed $800,000 worth of computer equipment owned by International Business Machines (IBM) that was stored in the warehouse at the time. IBM presented a claim for damages to Fernstrom on March 12, 1980. When Fernstrom refused to pay, IBM filed a claim with its insurer, which reimbursed the computer maker for the lost equipment.
Fernstrom, too, was insured, under two policies which, taken…
2Cases cited34 opinions
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- In the Matter of Charles Holtkamp and Holtkamp Farms, Inc., Debtors-Appellants. Charles Holtkamp and Holtkamp Farms, Inc. v. Ronald E. LittlefieldCourt of Appeals for the Seventh Circuit · 1982
- Foust v. Munson Steamship LinesSupreme Court of the United States · 1936
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