MEMORANDUM OF OPINION AND ORDER OF THE COURT
GIGNOUX, District Judge.
In this declaratory judgment action plaintiff Honeycomb Systems, Inc. ["Honeycomb"] seeks a judgment declaring that certain losses it sustained arising from the 1977 failure of a dryer built by it for Scott Paper Company ["Scott"] are covered by an umbrella liability insurance policy issued to it by defendant Admiral Insurance Company ["Admiral"]. The case is submitted on stipulated facts...
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