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ACE CAPITAL v. VARADAM FOUNDATION

No. CIV. 05-413-SLR.

392 F.Supp.2d 671 (2005)

ACE CAPITAL and Others Underwriting at Lloyd's Severally Subscribing to Policy No. A5BGLY170 Plaintiffs, v. VARADAM FOUNDATION and Jaime Jalife, Defendants.

United States District Court, D. Delaware.

October 6, 2005.

Attorney(s) appearing for the Case

Michael B. McCauley, Esquire, of Palmer Biezup & Henderson LLP, Wilmington, DE, for Plaintiffs.

Daniel K. Astin, Esquire, and Peter B. Ladig, Esquire, of The Bayard Firm, Wilmington, DE, for Defendants.

MEMORANDUM OPINION

SUE L. ROBINSON, Chief Judge.

I. INTRODUCTION

On June 20, 2005, Ace Capital "and others underwriting at Llyod's severally subscribing to Policy No. A5BGLY170" (collectively called "plaintiffs") filed a declaratory action against Varadam Foundation and Jaime Jalife (collectively called "defendants"). (D.I. ¶ 1) Plaintiffs issued maricne insurance Policy No. A5BGLY170 (the "Policy") for the vessel MAMMA MIA. (D...

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