Ace Escapes Contract Claim In $5M Tainted Fish Oil Row

Law360, New York (August 5, 2013, 4:40 PM EDT) -- A Washington federal judge ruled on Friday that Ace American Insurance Co. is off the hook for breach of contract claims related to its refusal to shell out up to $5 million to a seafood company accused of selling petroleum-contaminated fish oil.

U.S. District Court Judge James L. Robart found that a "watercraft exclusion" bars breach of contract claims brought against the insurer by Trident Seafoods Corp. The company is seeking contribution to a $5 million settlement it struck with a Japanese company to which it...
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