RPM Seeks 6th Circ. Rehearing Over Asbestos Coverage

Law360, New York (December 14, 2011, 8:04 PM EST) -- Sealant maker RPM Inc. asked the Sixth Circuit on Monday to reconsider its ruling that $125 million in asbestos-related insurance payments RPM sought were blocked by product hazard caps, saying the court's definition of an insured was far too expansive.

A three-judge panel on Nov. 28 upheld an Ohio federal court's granting of summary judgment to a group of insurers, including Allstate Insurance Co. Having already received more than $100 million from the insurers, RPM and two subsidiaries sought additional coverage for settlement and defense costs...
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