9th Circuit Affirms No Coverage Ruling In Dispute Arising From Gold Treasure

(April 29, 2024, 2:14 PM EDT) -- SEATTLE — The Ninth Circuit U.S. Court of Appeals on April 26 affirmed a lower federal court’s summary judgment ruling in favor of an ocean marine general liability insurer in a declaratory judgment lawsuit disputing coverage for an underlying $7.5 million covenant judgment that resolved claims that the appellant was denied possession and use of the tangible and intangible work product that was created during gold salvage expeditions....