“'If the highest aim of a captain were to preserve his ship, he would keep it in port forever.'” This aphorism is attributed to St. Thomas Aquinas, whose resume did not include ocean yacht racing." Federal Ins. Co. v. Speedboat Racing Ltd. v. Rambler 100 LLC, No. 3:12-cv-1480 (CSH), 2016 WL 4250222 (D. Conn. August 9, 2016).
The Court approved a stipulation between Federal and Speedboat which resolved claims between them related to Speedboat's insurance coverage with Federal. Speedboat and Federal called their agreement a "Stipulation of Discontinuance."
Claims between Speedboat and its lessee, Rambler 100 LLC, continue on, however. These claims include new and amended claims by Rambler for alleged violations of the Connecticut Unfair Trade Practices Act by Speedboat. Federal Ins. Co. v. Speedboat Racing Ltd. v. Rambler 100 LLC, No. 3:12-cv-1480 (CSH), 2016 WL 4250222, at *25 (D. Conn. August 9, 2016).
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