Rapid-American, Insurers Prepare For Summary Judgment Battle

Mealey's (February 24, 2016, 11:05 AM EST) -- NEW YORK — Chapter 11 debtor Rapid-American Corp. and the three insurers that have not settled their coverage disputes with the debtor on Feb. 22 agreed to a briefing schedule and hearing date for Rapid-American’s motions for summary judgment on the insurers’ obligation to pay for asbestos personal injury claims (Rapid-American Corporation, et al. v. Travelers Casualty and Surety Company, et al., No. 15-01095, S.D. N.Y. Bkcy.).

(Stipulation available. Document #48-160226-022X.)

Adversary Complaint

Rapid-American filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code...
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