10th Circ. Won't Rehear $5M Fire Coverage Row En Banc

Law360, New York (August 29, 2011, 7:22 PM EDT) -- The Tenth Circuit on Monday mostly denied a lending company's plea that it reconsider its reversal of a verdict that called for an insurer to pay the company more than $5 million in damages for denying coverage after a building fire.

The appeals court granted Rapid Funding LLC's petition for an en banc rehearing to the extent that it revoked the part of the ruling addressing a cross-appeal by the company over certain damages, agreeing it should not have tackled the issue in its opinion because...
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