Satellite Insurer Objects To DBSD Reorganization Plan

Law360, New York (August 24, 2009, 6:14 PM EDT) -- Illinois Union Insurance Co., a unit of the ACE Group of Cos., has objected to a proposed reorganization plan for satellite communications company DBSD North America Inc., contending that the plan does not specify whether the company intends to pay insurance premiums for one of its satellites.

The insurer filed its limited objection on Monday in the U.S. Bankruptcy Court for the Southern District of New York, asking that the plan not be confirmed until it is amended to address the company's concerns about the policy...
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