Admiralty Island Fisheries, Inc. v. Millard Refrigerated Services, Inc.

Admiralty Island Fisheries and other seafood companies (plaintiffs) stored product with Millard (defendant) under warehouse receipts capping Millard's liability for loss or damage at 50 cents per pound. Millard later discovered its own employees had stolen roughly 94,000 pounds of the plaintiffs' seafood, worth about $455,000, far more than the $47,000 the liability cap would allow. Both sides moved for partial summary judgment on whether the cap applied to this theft.