Insurers Seek To Derail Reviving Of Congoleum Plan

Law360, New York (September 25, 2009, 1:40 PM EDT) -- A consortium of insurers, including TIG Insurance Co., U.S. Fire Insurance Co. and Old Republic Insurance Co., has asked to appeal a federal judge’s decision to put the contentious reorganization of flooring company Congoleum Corp. back on track after a bankruptcy court dismissed the long-running case.

The insurers, who are displeased with the treatment of asbestos claims under the flooring company’s most recent Chapter 11 plan, filed a notice of appeal Sept. 24 in the U.S. District Court for the District of New Jersey saying they...
To view the full article, register now.