FRANK A. KAUFMAN, Chief Judge.
The object of this suit is the 105 foot Yacht SEQUOIA, built in 1925 by the Mathis Company of Camden, New Jersey. Several years after she was built, the SEQUOIA was acquired by the Federal Government and became the Presidential yacht. She returned to private hands in 1977 when President Carter disposed of her as an economy measure.
In this suit plaintiff Kawa Leasing, Ltd. (Kawa), the present owner of the SEQUOIA, and plaintiff...
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