UPS not liable for contract breach in case of missing specialty coins: Court

Discussion in 'The Latest UPS Headlines' started by cheryl, Aug 14, 2014.

  1. cheryl

    cheryl I started this. Staff Member

    UPS not liable for contract breach in case of missing specialty coins: Court - Business Insurance

    United Parcel Service of America Inc. is pre-empted under federal law from breach of contract and other state law claims in connection with the loss of $150,000 in missing packages containing specialty gold and silver coins, says an appeals court in upholding a ruling against Lloyd’s of London syndicates.

    A total of 27 shipments of packages shipped with UPS by Wilmington, Delaware-based First State Depository L.L.C., which provides customer, shipping and accounting services for coins and special metals, were lost or stolen during an eight-week period in early 2012, according to Tuesday’s ruling by the 3rd U.S. Circuit Court of Appeals in Philadelphia in Certain Underwriters at Interest at Lloyd’s of London et al. v. United Parcel Service of America Inc.