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AMERICAN-HAWAIIAN STEAMSHIP CO. v. UNITED STATES

No. 236, Docket 21486.

191 F.2d 26 (1951)

AMERICAN-HAWAIIAN STEAMSHIP CO. v. UNITED STATES. THE ALASKAN.

United States Court of Appeals Second Circuit.

Decided August 13, 1951.

Attorney(s) appearing for the Case

Newell Clapp, Acting Asst. Atty. Gen., Irving H. Saypol, U. S. Atty., New York City, Leavenworth Colby, Special Asst. to the Atty. Gen. (Paul D. Page, Jr., Sol., Washington, D. C., and Joseph A. Klausner, Atty., Maritime Administration, New York City, of counsel), for appellant.

Kirlin, Campbell & Keating, New York City (Clement C. Rinehart, New York City, of counsel), for appellee.

Before SWAN, Chief Judge, and AUGUSTUS N. HAND and CLARK, Circuit Judges.

SWAN, Chief Judge.

This is a suit on a policy of war risk insurance covering the libellant's steamship Alaskan which was requisitioned in May 1942 and was subsequently insured by the War Shipping Administration. The vessel was torpedoed and sunk on November 28, 1942. The War Shipping Administration determined "just compensation" for the vessel to be $776,003. This sum being deemed unsatisfactory by the libellant, it elected to receive 75 per cent. thereof and to sue...

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