The ruling on Wednesday is the first win in appellate court for a restaurant seeking business interruption insurance losses.. Oceana Grill, Bourbon Street’s tourist-centric restaurant loved by New Orleans hotel concierges, has won the country’s first victory in appellate court for an insured business seeking damages related to COVID-19 shutdown losses. A split Louisiana court found the policy’s definition of “direct physical loss or damage” ambiguous, ruling in favor of the restaurant on Wednesday, June 15. Cajun Conti, the company that owns Oceana Grill, among other French Quarter tourist haunts, sued Lloyd’s of London on March 20, 2020 — the...