Longview Gets Stay On $825M Insurance Policy Suit In Calif.

Law360, Wilmington (June 10, 2014, 10:01 PM ET) -- A Delaware bankruptcy judge agreed Tuesday to enforce Longview Power LLC's automatic stay on a suit in California state court, freezing an insurer's suit over an $825 million policy that forms a key element in the coal plant operator's Chapter 11 plan.

At a hearing in Wilmington, Delaware, U.S. Bankruptcy Judge Brendan L. Shannon granted Longview's motion to halt the California action brought by First American Title Insurance Co., ruling that the issue at stake — whether coverage is available under the policy — is a...
To view the full article, register now.