OPINION AND ORDER
SCHEINDLIN, District Judge.
On December 29, 1999, Ingram Micro, Inc. ("Ingram Micro"), on behalf of itself and as subrogee of Chubb Insurance Company of Europe, S.A. ("Chubb"), filed suit against Airoute Cargo Express, Inc. ("Airoute") to recover damages in the sum of $434,894
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