Insurer Objects To WCI Drywall Trust Procedures

Law360, New York (November 2, 2010, 6:04 PM EDT) -- The trustee of a fund established in WCI Communities Inc.’s bankruptcy to handle claims related to defective Chinese drywall was accused by an insurer Tuesday of trying to improperly parlay a bankruptcy court ruling to gain a strategic advantage in related coverage disputes pending in the district court.

At a hearing in the U.S. Bankruptcy Court for the District of Delaware, Hartford Fire Insurance Co. and Hartford Casualty Insurance Co. objected to trustee Robert C. Pate’s motion to approve distribution procedures for WCI’s Chinese Drywall Settlement...
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