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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.