CALABRESI, Circuit Judge.
Property Asset Management, Inc. ("PAMI") is a wholly-owned subsidiary of Lehman Brothers. In this diversity action, PAMI seeks to sue Chicago Title Insurance Co. ("Chicago") on a title insurance policy that Chicago issued. Chicago argues, and the court below found, that PAMI is not a proper party to assert a claim under that policy. We agree and affirm.
BACKGROUND
The events giving rise to this litigation began in June 1989...
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