NY Court Backs Injunction In Midland Reinsurance Row

Law360, New York (August 26, 2011, 2:09 PM EDT) -- A New York appeals court on Thursday upheld a decision rejecting Everest Reinsurance Co.'s bid to modify an injunction on lawsuits against bankrupt Midland Insurance Co. so as to allow it to pursue a breach of contract judgment against Midland's liquidator.

Midland was placed in liquidation by a New York state court in April 1986 after it was bankrupted by claims related to asbestos, defective breast implants and HIV-tainted blood products. Everest reinsured Midland for policy periods in the 1970s and 1980s, according to the appeals...
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