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TOSHIBA FUNDING AUTHORITY LTD. v. SOMERSET MARINE

No. G-95-780.

923 F.Supp. 982 (1996)

TOSHIBA FUNDING AUTHORITY LTD. v. SOMERSET MARINE, INC.

United States District Court, S.D. Texas, Galveston Division.

April 26, 1996.

Attorney(s) appearing for the Case

John C. Grazier, John C. Grazier & Associates, Seabrook, TX, for plaintiff.

Peter A. McLauchlan, Meyer Orlando & Evans, Houston, TX, for defendant.

ORDER

KENT, District Judge.

Plaintiff Toshiba Funding Authority Ltd., a Turks and Caicos Islands corporation, is the owner of the PANACHE, a 96' yacht that was damaged in a storm while the vessel was moored in Thessaloniki, Greece. At the time of the damage, the PANACHE was insured under a policy issued by Defendant Somerset Marine, Inc., a New York corporation. Toshiba sued Somerset in Texas state court after Somerset refused to reimburse Toshiba...

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