MEMORANDUM OPINION AND ORDER
BUCKLO, District Judge.
During 1991-96, Zurich American Insurance Co. ("Zurich"), of Schaumburg, Illinois, entered into certain insurance arrangements with Watts Industries ("Watts"), a Delaware Corporation whose principal place of business is North Andover, Massachusetts, and James Jones Co., a California corporation that was a wholly owned subsidiary of Watts from 1987 through 1996, and was insured under the agreements in question...
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