9th Circ. Trims Benefits Claims In Trucking Co. Ch. 11

Law360, New York (May 7, 2009, 12:00 AM EDT) -- A federal appeals court has ruled that benefits for retirees of bankrupt Consolidated Freightways Corp. can't be considered in determining priority claims for contributions to a health insurance plan administered by Aetna Inc.

A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit issued an opinion Wednesday partially reversing a ruling by the U.S. Bankruptcy Court for the Central District of California, which was also affirmed by the U.S. District Court for the Central District of California.

In making its determination, the Ninth...
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