Panel Affirms Dismissal Of Suit Seeking Coverage For Energy Drink Inventory Theft
(August 10, 2015, 10:58 AM EDT) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on Aug. 6 affirmed a lower federal court’s dismissal of an insured's breach of contract and bad faith suit seeking damages for missing inventory of 82,510 bottles of 5-Hour Energy drinks, holding that employee dishonesty coverage is barred by the policy's inventory shortage exclusion (W. L. Petrey Wholesale Co., Inc. v. Great American Ins. Co., No. 15-10629, 11th Cir.; 2015 U.S. App. LEXIS 13738).