Raymond Corp. v. National Union Fire Insurance Co. of Pittsburgh

Appeals (1) from a judgment of the Supreme Court (Dowd, J.), entered June 30, 2006 in Chenango County, upon a decision of the court in favor of defendant, and (2) from an order of said court, entered April 9, 2007, in Chenango County, which, among other things, denied plaintiffs’ motion to vacate the judgment.

Plaintiff Raymond Corporation contributed $500,000 and defendant contributed $2.5 million toward a $6 million settlement* of a personal injury accident, stipulating to resolve an insurance coverage issue in subsequent litigation or arbitration. When that subsequent litigation was…