Asbestos Debtor Seeks To Sell Claims Against Insolvent Insurer

(May 18, 2020, 3:32 PM EDT) -- NEW YORK — Chapter 11 debtor Rapid-American Corp. on May 1 asked a New York federal bankruptcy court to allow it to sell its rights to priority claims in an insolvent insurer’s liquidation case for more than $1.2 million, or about 23 percent of what the claims were originally worth under a 2012 settlement (In re:  Rapid-American Corporation, No. 13-10687, S.D. N.Y. Bkcy.)....