Today, the Second Circuit affirmed a summary judgment against an insurer that indemnified a shipper for $500,000 worth of damage to a printing press. The damage occurred during the press’s seafaring journey from Holland to New York. The district court held that the contracts between the shipper, on the one hand, and the freight forwarder and carrier, on the other, restricted liability to $50 apiece. When the freight forwarder and carrier each tendered $50, the district court dismissed the lawsuit as moot. The Second Circuit affirmed. ABN Amro Verzekeringen BV v. Geologistics Americas, Inc., 05-1917 (2d Cir. Apr. 23, 2007).