Congoleum's $25M Pact With Insurers Upheld

Law360, New York (June 22, 2010, 5:59 PM EDT) -- A federal appeals court has dismissed an appeal by a representative of future asbestos claimants against Congoleum Corp. that contested the terms of the bankrupt flooring company's $25 million settlement regarding asbestos-related claims that may be asserted against a pair of the debtors' insurers.

In an order Monday, the U.S. Court of Appeals for the Third Circuit dismissed a challenge by R. Scott Williams, the legal representative appointed by the U.S. Bankruptcy Court for the District of New Jersey for individuals who may assert future asbestos...
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