U.S. Court of Appeals for the 9th Circuit
Jan. 26, 2012
9th Circuit rules insurers wrongly excluded from bankruptcy litigation
A $600 million trust set up to pay asbestos-related claims against a bankrupt insulation company may have to be revised, a 9th U.S. Circuit Court of Appeals panel held Tuesday.
Daily Journal Staff Writer
A $600 million trust set up to pay asbestos-related claims against a bankrupt insulation company may have to be revised because U.S. District Judge Dale S. Fischer of Los Angeles wrongly denied insurance underwriters a chance to challenge the plan, a 9th U.S. Circuit Court of Appeals panel held Tuesday.
The insurers, excluded from the bankruptcy litigation because they declined to settle with the insul...
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