THOMPSON, Circuit Judge:
Defendants/appellants Polaris Pictures Corp. (Polaris) and U.S. Inbanco Ltd. (Inbanco) appeal from the district court's judgment granting Cigna Property and Casualty Insurance Company (Cigna) rescission of a marine insurance contract on the ground of fraud.
The insurance contract was for insurance on a yacht. The district court found the insurance was obtained with the fraudulent intent to sink the yacht and collect the proceeds. We...
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