Supreme Court Rules Insurers Have Say in Asbestos Bankruptcies
U.S. Supreme Court Justice Sonia Sotomayor delivered the Court’s unanimous ruling that Truck Insurance Exchange had the right to a seat at the table when asbestos companies Kaiser Gypsum Co. and Hanson Permanente Cement filed for Chapter 11 bankruptcy. The court ruled Truck Insurance is a “party of interest.” Kaiser and its parent company Hanson […]
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