Law360, New York (June 25, 2009, 12:00 AM ET) -- A federal appeals court has affirmed a bankruptcy panel's ruling in STNL Corp.'s Chapter 11 proceedings reviving the insurer's liability for an affiliate's obligation to a creditor.
The U.S. Court of Appeals for the Ninth Circuit on Tuesday upheld a ruling by the Ninth Circuit Bankruptcy Appellate Panel, which had reversed and remanded a prior ruling that the claim was not revived and that the unsecured creditor could not claim post-petition attorneys' fees.
STNL, formerly known as Superior National Insurance Group, and its noninsurer affiliates filed...
9th Circ. Upholds Revival Of Claim In STNL Ch. 11
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