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Pittsburgh Corning Corporation

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Case overview

Case Number:

2:00-bk-22876

Court:

Pennsylvania Western

Nature of Suit:

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  1. October 19, 2017

    Pittsburgh Corning, Asbestos Claimants Strike $178M Deal

    Claimants seeking a cut of the $4 billion asbestos trust created by Pittsburgh Corning Corp.'s emergence from bankruptcy have reached a deal with the trust in Pennsylvania federal court, with the trust agreeing to pay roughly $178 million to settle the claims, pursuant to an arbitration session.

  2. April 17, 2017

    Asbestos Claimants Fight Pittsburgh Corning Ch. 11 Rethink

    Claimants in a Texas asbestos injuries case against Pittsburgh Corning Corp. told a Pennsylvania federal judge on Friday that the asbestos trust can't reopen the company's Chapter 11 case to deal with $9 billion in potential new asbestos injury claims, arguing that there is no room for reinterpretation of an earlier bankruptcy order.

  3. March 20, 2017

    Pittsburgh Corning's Asbestos Trust Wants Ch. 11 Reopened

    The Pittsburgh Corning Corp.'s asbestos injury trust has asked a Pennsylvania federal court to reopen the company's Chapter 11 case to deal with $9 billion in potential new asbestos injury claims.

  4. October 01, 2014

    Pittsburgh Corning Insurers Can't Nix Ch. 11 Asbestos Plan

    A Pennsylvania federal judge on Tuesday upheld a Chapter 11 plan ending Pittsburgh Corning Corp.'s 14-year bankruptcy, finding that the "insurance neutral" reorganization won't hamstring two Everest Re Group Ltd. carriers in related asbestos coverage litigation.

  5. May 17, 2013

    Pittsburgh Corning's Ch. 11 Asbestos Plan OK'd After 13 Years

    After 13 years in bankruptcy, Pittsburgh Corning Corp. on Thursday won court approval of a reorganization plan designed to resolve the company's multibillion-dollar asbestos liability, overcoming objections that derailed two prior plans.

  6. June 05, 2012

    Pittsburgh Corning Blasts Insurers' Discovery Request

    Supporters of a reorganization plan for bankrupt glass block manufacturer Pittsburgh Corning Corp. on Monday objected to two insurers' request that more discovery be allowed in connection with the plan, saying there is no basis for any additional efforts.

  7. May 08, 2012

    Insurers Rip Pittsburgh Corning's Ch. 11 Asbestos Trust

    Two insurance companies on Monday renewed their opposition to a Pittsburgh Corning Corp.'s Chapter 11 exit plan and its proposal for dealing with asbestos liabilities, asserting that they would be substantially harmed by the measure.

  8. April 11, 2012

    Insurers Want Details On Pittsburgh Corning Ch. 11 Plan

    Two insurance companies raised objections to Pittsburgh Corning Corp.'s proposed Chapter 11 reorganization plan on Monday, arguing that provisions governing millions of dollars of asbestos settlement payouts are murky and could pose liability hazards for the insurers down the line.

  9. July 01, 2011

    Pittsburgh Corning Asks Court To Reconsider Ch. 11 Plan

    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.

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