Insurer Can’t Intervene After $32.7 Million Asbestos Verdict, Judge Says

Mealey's (October 15, 2020, 1:46 PM EDT) -- GREENSBORO, N.C. — Having spent decades defending a dissolved corporation and having waited until nearly a year after final judgment on a $32.7 million verdict, an insurer cannot now intervene in the case, a federal judge in North Carolina said Oct. 14 in finding that the insurer offered no justification for why it did not look for evidence of a 1991 dissolution ruling earlier (Ann Finch, et al. v. Covil Corp., No. 16-1077, M.D. N.C.)....