3rd Circ. GIT Ruling May Reduce Tort Claims, Attys Say

Law360, New York (May 12, 2011, 6:09 PM EDT) -- The Third Circuit's ruling last week that insurers can challenge silica claims provisions of Global Industrial Technologies Inc.'s bankruptcy plan will likely empower insurers fighting certain reorganization plans and reign in mass tort attorneys' aggressive bankruptcy pursuits, lawyers say.

The en banc appeals court majority vacated a Pennsylvania district court's ruling that insurers including Hartford Accident and Indemnity Co. and Century Indemnity Co. had not shown sufficient injury and lacked standing to raise objections during the 2006 confirmation hearing for GIT's plan. The plan assigned the...
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