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District Court Erred By Not Defining ‘Warehouse Receipt,’ Assignee Argues On Appeal

(November 1, 2016, 9:50 AM EDT) -- CHICAGO — A district court judge erred in finding that the failure to obtain a storage agreement or warehouse receipt bars coverage for the contamination of products stored at an insured’s warehouse because the judge failed to define the term “warehouse receipt” as used in the policy at issue, an insured’s assignee argues in an Oct. 24 brief to the Seventh Circuit U.S. Court of Appeals (PQ Corp. v. Lexington Insurance Co., No. 16-3280, 7th Cir.).

(Appellant’s brief available.  Document #03-161102-003B.)

PQ Corp. filed suit in...
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