2nd Circuit Stays Briefing Schedule In Reinsurance Billings Case Dispute

Mealey's (April 13, 2021, 8:56 AM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on April 6 entered a four-month stay of the briefing schedule in a reinsurer’s appeal of a $35 million judgment entered in favor of an excess insurer in an asbestos coverage dispute to allow the Pennsylvania insurance commissioner time to decide how to proceed with the appeal in light of a liquidation order entered in Pennsylvania regarding the reinsurer....