Excess Liability Spat Not Mooted By $4M Deal: Judge

Law360, New York (May 21, 2010, 3:27 PM EDT) -- A federal judge has ruled Lumbermens Mutual Casualty Co. did not moot a dispute over whether it is liable as an excess insurer to inventory specialist RGIS LLC and Enterprise Rent-A-Car when it coughed up $4 million to settle the underlying personal injury suit before an appeals court had an opportunity to weigh in on the case.

Judge Harold Baer of the U.S. District Court for the Southern District of New York on Thursday concluded that the action is not moot and reinstated his earlier grant...
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