Ch. 11 Buyer Targets Debtor's Insurers For Cleanup Costs

Law360, New York (July 22, 2013, 8:33 PM EDT) -- Haskell Properties LLC has revived claims against insurers including Hartford Accident and Indemnity Co. for the cost of cleaning up a contaminated site in New Jersey, arguing that the carriers are liable based on policies covering the bankrupt company from which Haskell acquired the parcel.

Haskell last year launched a near-identical suit in federal court against even more insurers allegedly tied to the property that General Ceramics Inc. once owned at 16 First Avenue in Haskell, N.J., but the case was dismissed in May for lack...
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