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Evidence Keyed to Park
James River Insurance Company v. Rapid Funding, LLC
Citation:658 F.3d 1207 (2011)
The case arose from a fire that destroyed a dilapidated Michigan apartment building. The owner of the building, Rapid Funding, LLC, a Colorado limited liability company, submitted a claim to its insurer, James River Insurance Company, an Ohio corporation, for the $3 million of insurance coverage the policy carried. James River denied the claim. The fire destroyed the North Building. Shortly before the fire, Rapid Funding tried to sell the complex and had reached an agreement, not complete at the time of the fire, to sell it for a net of $1.15 million. James River filed a motion in limine to exclude testimony that Andrew Miller, the principal of Rapid Funding planned to offer on the value of the North Building.
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