N.Y. Appellate Court Affirms Stay Pending Related Insurance Litigation

NEW YORK - Plaintiffs in an asbestos action who remained inactive for 20 years failed to demonstrate that they would be prejudiced by a stay pending adjudication of related insurance litigation, a New York appellate court has ruled. Certain Underwriters at Lloyd's London, et al. v. Pneumo Abex Corp., et al., No. 602493/02 (N.Y. Sup., App. Div., 1st Dept.).

In a Jan. 9 opinion, the Appellate Division, 1st Department, unanimously affirmed New York County Supreme Court Judge Herman Cahn's order granting defendant PepsiAmericas Inc.'s motion to stay the plaintiffs' suit in favor of litigation in the U.S. District Court for …