Ensuring Insurer Standing In Insured Ch. 11 Cases

Law360, New York (July 5, 2011, 12:45 PM EDT) -- Recently, the United States Court of Appeals in two separate circuits held that liability insurers have standing as parties in interest to appear and be heard in an insured’s Chapter 11 case where the insurer might be liable to indemnify the claims of the insured’s creditors.

In In re Global Industrial Technologies Inc. (May 4, 2011) (“GIT”), an en banc panel of the Third Circuit held that “when a federal court gives its approval to a plan that allows a party to put its hands into...
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