February 01, 2024
Truck Insurance Exchange's contention that it is a "party in interest" with standing to challenge its insureds' Chapter 11 reorganization plan, which established a trust for asbestos injury claims, would upend the bankruptcy system if accepted, experts and policyholder representatives told the U.S. Supreme Court on Thursday.
January 25, 2024
Two companies seeking Chapter 11 bankruptcy protection with asbestos claims alongside asbestos claimant representatives urged the U.S. Supreme Court to reject an insurer's opposition to their proposed reorganization plan, in a case that could change who can participate in the often protracted bankruptcy process.
January 01, 2024
The first half of 2024 is poised to produce some significant commercial general liability coverage decisions, including a potential ruling from the U.S. Supreme Court on an insurer's fight for standing in an asbestos bankruptcy settlement. Here, Law360 looks at the cases to watch for in the early months of the new year.
November 03, 2023
The U.S. Supreme Court's decision to tackle a dispute between an insurer and Kaiser Gypsum over its Chapter 11 reorganization plan to resolve asbestos injury claims could have a sea change effect on how courts address standing in bankruptcy proceedings, experts say.
October 13, 2023
The U.S. Supreme Court on Friday accepted Truck Insurance Exchange Co.'s request to review a Fourth Circuit ruling saying it lacked standing to object to Kaiser Gypsum's Chapter 11 reorganization plan, which included the establishment of a trust for asbestos injury plaintiffs.
May 08, 2023
Truck Insurance Exchange urged the U.S. Supreme Court to review a Fourth Circuit decision that declared the insurer wasn't a "party in interest" with standing to challenge insured Kaiser Gypsum's Chapter 11 reorganization plan, which established a trust for asbestos injury claims.