Missing Diamonds
On May 17, 2010, Lazare Kaplan sued various Lloyd's of London syndicates and European insurers for $640 million in damages arising out of the disappearance of diamonds. The lawsuit alleges that the insurers breached two “all risk” New York property insurance policies. The company has been suspended from trading on the American Stock Exchange since September 2009 and has not filed quarterly or annual reports with the U.S. Securities and Exchange Commission (SEC) since early 2009.
Read more about this topic: Lazare Kaplan International
Famous quotes containing the words missing and/or diamonds:
“Waiting for the race to become official, he began to feel as if he had as much effect on the final outcome of the operation as a single piece of a jumbo jigsaw puzzle has to its predetermined final design. Only the addition of the missing fragments of the puzzle would reveal if the picture was as he guessed it would be.”
—Stanley Kubrick (b. 1928)
“The prosecution of [Warren] Hastings, though he should escape at last, must have good effect. It will alarm the servants of the Company in India, that they may not always plunder with impunity, but that there may be a retrospect; and it will show them that even bribes of diamonds to the Crown may not secure them from prosecution.”
—Horace Walpole (1717–1797)