Aug. 6, 2024
Judge dismisses insurers' attempt to toss case involving stranded Russian jets
Judge Ethan P. Schulman distinguished the facts of the case from a recent high-profile decision by the California Supreme Court involving insurance coverage of Covid-19 related losses.
A San Francisco County judge knocked back a group of insurer defendants' motion for summary judgment in a case involving aircraft leased to Russian companies which were unable to be repossessed following the war in Ukraine and were subsequently sold at a fraction of their insured value.
Judge Ethan P. Schulman found that the plaintiffs, a group of aircraft leasing companies collectively referred to as BBAM, had suffered physical loss as defined under California law of three ai...
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