Justices Lean Toward Insurer Standing In Ch. 11 Case

By Ganesh Setty (March 19, 2024, 9:00 PM EDT) -- The U.S. Supreme Court appeared reluctant Tuesday to uphold a Fourth Circuit ruling that Truck Insurance Exchange lacked standing to oppose the proposed Chapter 11 reorganization plan of two manufacturers facing numerous asbestos claims, noting it's Truck that must ultimately cover the vast majority of such claims. ...

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