Reichhold asking judge to force its insurer to pay off lawsuit - Triangle Business Journal:

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A complaint, which was filefd by National Union FireInsurance Co. of Pittsburgh, Pa., has been workingg its way through the United States District Court for the Middlew District of North Carolina sinceOctober 2006. National Union seeks a judge'ds ruling that it does not have to compensatre Reichhold for damages resulting from two Reichhold argues in court filingas that the insurance company does owe it indemnity in relatiobn to coverage for those suits and other pending oranticipated claims.
Reichhold spokeswoman Cris Masselled declined to comment onthe case, and Reichholrd CEO John Gaither was unavailable for National Union is an affiliated company of Americah International Group, or AIG. Michael Arcaro, a spokesman for AIG, was similarlyt tightlipped. "Our policy is not to comment onongoing litigation," says Arcaro. The two underlying lawsuite in question trace theirr origins to litigation between Reichhold andPompano Beach, Fla.-basedr Nebula Glass International, which does business as Reichhold manufactured resin material for Glasslam, which develops glass laminatinfg resins that it sells to manufacturerzs of safety and hurricane-resistant from 1996 to 2001.
Glasslam in 2002 filef a lawsuit against Reichhold claiming that the Durhamn company had altered the chemical makeup of a resin it was producing forGlasslam - a change that Glasslamk alleged caused the product to For instance, in some cases, it caused the glassa to turn yellow or delaminate. Glasslam won a $22.5 million verdict in a federal court in southern Florida againsrt Reichhold inJune 2004. The judgmenrt was affirmed on and court documents filed by Reichholdd show that National Union eventually paid morethan $19.5 millionn to help satisfy the judgment. A similar case filed by Glasslam against Reichhold was settled for an undisclosex amount inDecember 2005.
That complainty claimed that Glasslam had suffered additional damages of morethan $15 Reichhold was joined as a third-partyu defendant by Glasslam in January 2006 in anothe lawsuit originally filed against Glasslam by one of its customers named Jeld-Wen Inc. That which sought millions morein damages, containee allegations against Reichhold that were similar to thoses in the first two cases. The secondr Glasslam-Reichhold lawsuit and the Jeld-Wen lawsuit are the underlyiny lawsuits that are the subject ofNational Union'e complaint. Reichhold, which was founded in has morethan 1,500 employees.