Don't Lift Crescent Stay In Toxic Torts Suits: Siemens

Law360, New York (September 14, 2009, 2:33 PM EDT) -- Siemens Corp. has objected to a motion to modify the automatic stay in the Chapter 11 proceedings of Crescent Resources LLC that, if granted, would allow discovery to continue in a number of toxic tort actions pending in Florida against Crescent, Siemens and other companies.

The Florida plaintiffs' motion to modify the stay does not comprehensively address the manner in which the plaintiffs' claims against Crescent will be resolved, Siemens and two subsidiaries said Sept. 11 in the U.S. Bankruptcy Court for the Western District of...
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