Texas Judge Upholds $12M Asarco Asbestos Deal Challenge

Law360, New York (November 21, 2012, 4:16 PM EST) -- A Texas judge last week preserved a challenge to a $12 million insurance settlement related to asbestos exposure claims brought by contract employees of bankrupt Asarco LLC, refusing to certify an interlocutory appeal by Mt. McKinley Insurance Co. that sought to nix the challenge.

Judge Andrew S. Hanen on Nov. 20 determined that he could not grant McKinley’s request for dismissal of a settlement challenge brought by Asarco subsidiaries based on the pleadings before him, and absent a dismissal could not justify granting the insurer's request...
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