Insurers Rip Pittsburgh Corning's Ch. 11 Asbestos Trust

Law360, New York (May 8, 2012, 6:19 PM EDT) -- Two insurance companies on Monday renewed their opposition to a Pittsburgh Corning Corp.'s Chapter 11 exit plan and its proposal for dealing with asbestos liabilities, asserting that they would be substantially harmed by the measure.

Responding to an April 16 court directive, Mt. McKinley Insurance Co. and Everest Reinsurance Co. lodged a brief delineating the injuries they would suffer as a result of the establishment of an asbestos liability trust proposed as part of the Chapter 11 plan to resolve those claims.

According to the insurers,...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Pittsburgh Corning Corporation


Case Number

2:00-bk-22876

Court

Pennsylvania Western

Nature of Suit

Date Filed

April 16, 2000

Law Firms

Companies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.