Appellant Seeks Reversal Of No Coverage Ruling For IP Claim Over Gold Treasure

(May 3, 2023, 9:59 AM EDT) -- SEATTLE — An appellant asked the Ninth Circuit U.S. Court of Appeals to reverse a lower federal court’s summary judgment ruling in favor of an ocean marine general liability insurer in its 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, arguing that the lower court improperly endorsed the insurer’s “mis-characterization” of the policy....