2nd Circ. Remands Crucible, Lloyd's Coverage Spat

Law360, New York (May 18, 2009, 12:00 AM EDT) -- A federal appeals court has vacated an order dismissing certain underwriters at Lloyd's, London and London Market Cos. from a protracted battle stemming from environmental claims over an excess liability policy issued to now-bankrupt Crucible Materials Corp., after finding that Crucible did not have an adequate chance to present evidence of the terms of the 1968 policy.

The U.S. Court of Appeals for the Second Circuit on Thursday handed down a nonprecedential summary order vacating a decision granting summary judgment to Lloyd's and remanding the case...
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