Court Schedules Discovery Into Rapid-American, Insurer Policy Limits Dispute

Mealey's (June 14, 2017, 12:50 PM EDT) -- NEW YORK — A New York federal bankruptcy judge on June 6 issued a scheduling order for fact discovery and identification of expert witnesses in a dispute between Chapter 11 debtor Rapid-American Corp. and one of its insurers over whether a policy has a $7 million or $14 million limit for asbestos liability claims (Rapid-American Corporation, et al. v. Travelers Casualty and Surety Company, et al., No. 15-01095, S.D. N.Y. Bkcy.)....