Pittsburgh Corning Asks Court To Reconsider Ch. 11 Plan

Law360, New York (July 1, 2011, 9:06 PM EDT) -- Pittsburgh Corning Corp. asked a Pennsylvania bankruptcy court on Thursday to reconsider its rejection of the company's reorganization plan, claiming confirmation would not adversely affect insurers or improperly insulate the company from asbestos claims.

In a motion filed in Pennsylvania bankruptcy court, Pittsburgh Corning, its corporate parent PPG Industries and the Asbestos Claimants Committee urged U.S. Bankruptcy Judge Judith K. Fitzgerald to reconsider her conclusions that the proposed Chapter 11 plan is not insurance neutral and allows too many protections from asbestos claims for the debtors'...
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