LUMBARD, Circuit Judge:
Estee Lauder International, Inc. and its subrogated insurer, Commercial Union Insurance Co., appeal from the judgment of the District Court for the Southern District of New York, Robert W. Sweet, Judge, entered on June 22, 1990, which dismissed their complaint after a bench trial. They contend that the district court erred in concluding that Estee Lauder could not recover from defendant Travelers Indemnity Co. under an insurance policy...
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