Tuesday, June 21, 2016

Case of the Day: Korea Trade Ins. Corp. v. Raineater, 2016 U.S. Dist. LEXIS 79767 (W.D. Penn. June 20, 2016)


Plaintiff and defendant cross-moved for summary judgment, for alleged non-payment for a delivery of wiper blades. The court found that the defendant never gave notice of non-conformity, and found that the defendant "has offered little more than excuse and delay in connection with its clear obligation to make payment." The court granted the plaintiff's motion.


The case itself is fairly run-of-the-mill, but what is interesting is the identity of the plaintiff. Korea Trade Insurance Corporation is a government-run entity that provides insurance to Korea's exporters for situations such as this one, i.e. trade counterparty's reneging on payments. Here is KTIC in action in U.S. courts.

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