9th Circ. Upholds Revival Of Claim In STNL Ch. 11

Law360, New York (June 25, 2009, 12:00 AM EDT) -- A federal appeals court has affirmed a bankruptcy panel's ruling in STNL Corp.'s Chapter 11 proceedings reviving the insurer's liability for an affiliate's obligation to a creditor.

The U.S. Court of Appeals for the Ninth Circuit on Tuesday upheld a ruling by the Ninth Circuit Bankruptcy Appellate Panel, which had reversed and remanded a prior ruling that the claim was not revived and that the unsecured creditor could not claim post-petition attorneys' fees.

STNL, formerly known as Superior National Insurance Group, and its noninsurer affiliates filed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.