Insurers Seek To Derail Reviving Of Congoleum Plan

Law360, New York (September 25, 2009, 1:40 PM EDT) -- A consortium of insurers, including TIG Insurance Co., U.S. Fire Insurance Co. and Old Republic Insurance Co., has asked to appeal a federal judge’s decision to put the contentious reorganization of flooring company Congoleum Corp. back on track after a bankruptcy court dismissed the long-running case.

The insurers, who are displeased with the treatment of asbestos claims under the flooring company’s most recent Chapter 11 plan, filed a notice of appeal Sept. 24 in the U.S. District Court for the District of New Jersey saying they...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.