• KingGimpicus@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    15
    ·
    5 days ago

    That’s the even bestest part. The jewelery companies intentionally undervalued the pieces in order to lower the cost of insuring it all. The jewelers are now suing Brinks because their insurance will only pay out the insured amount, which was about $10m. Brinks is countersuing the jewelers for breach of contract and fraud for claiming 10x less than actual value when paying for shipping.

    Honestly I hope everyone involved gets fucked out of house and home lmfaoooo

    • Ex Nummis@lemmy.world
      link
      fedilink
      English
      arrow-up
      6
      ·
      5 days ago

      Those jewelers are SOL. Those insurance contracts are ironclad. They’ll end up eating the cost AND the cost of the defense. Bold move cotton.