LYONS, Justice.
Allstate Insurance Company (hereinafter "Allstate") sued Coastal Yacht Services, Inc. (hereinafter "Coastal Yacht"), to recover damages paid to Allstate's insured after a boat owned by the insured sank while in the custody of Coastal Yacht. The boat was pulled out of the water and, one month later, Allstate sold it. This action was filed almost two years after the boat was sold. After conducting limited discovery and before any depositions were taken...
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