Truck Insurance Exchange, Petitioner v. Kaiser Gypsum Company, Inc., et al.
Case Number:
22-1079
Court:
Nature of Suit:
3423 Bankruptcy Withdrawal 28 USC 157
Firms
- Bernstein Shur
- Caplin & Drysdale
- Center for Constitutional Litigation
- Crowell & Moring
- Gibson Dunn
- Hilgers Graben
- Jones Day
- Kellogg Hansen
- Massey & Gail
- Reed Smith
- Young Conaway
Companies
- American Association for Justice
- American Property Casualty Insurance Association
- United Policyholders
Sectors & Industries:
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May 16, 2024
3 Big Bankruptcy Cases Still Pending At The Supreme Court
The U.S. Supreme Court may have declined to hear a challenge to non-debtor litigation stays in mass tort bankruptcies this week in the Chapter 11 case of Georgia-Pacific's asbestos spinoff, but it is still slated to hand down decisions with the potential for wide-reaching impacts to mass torts and beyond this term.
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March 19, 2024
Justices Lean Toward Insurer Standing In Ch. 11 Case
The U.S. Supreme Court appeared reluctant Tuesday to uphold a Fourth Circuit ruling that Truck Insurance Exchange lacked standing to oppose the proposed Chapter 11 reorganization plan of two manufacturers facing numerous asbestos claims, noting it's Truck that must ultimately cover the vast majority of such claims.
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March 16, 2024
Up Next At High Court: Gov't Jawboning & Retaliatory Arrests
The U.S. Supreme Court has a packed oral arguments calendar this week that includes disputes over the Biden administration's work with social media companies to combat misinformation, the appropriate evidence standard for bringing retaliatory arrest claims and whether the federal government can object to a consent decree entered into by three states.
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March 14, 2024
Justices To Consider Insurer's Right To Participate In Ch. 11
The U.S. Supreme Court is expected to hear arguments Tuesday on whether Truck Insurance Exchange retains standing to oppose the proposed reorganization plan of two bankrupt manufacturers facing a bevy of underlying asbestos injury claims, after the Fourth Circuit blocked Truck's opposition since the plan was "insurance neutral."
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February 01, 2024
Experts Urge Justices To Bar Insurer's Ch. 11 Challenge
Truck Insurance Exchange's contention that it is a "party in interest" with standing to challenge its insureds' Chapter 11 reorganization plan, which established a trust for asbestos injury claims, would upend the bankruptcy system if accepted, experts and policyholder representatives told the U.S. Supreme Court on Thursday.
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January 25, 2024
Insurer Can't Block Chapter 11 Asbestos Plan, Justices Told
Two companies seeking Chapter 11 bankruptcy protection with asbestos claims alongside asbestos claimant representatives urged the U.S. Supreme Court to reject an insurer's opposition to their proposed reorganization plan, in a case that could change who can participate in the often protracted bankruptcy process.
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January 01, 2024
General Liability Cases To Watch In 2024
The first half of 2024 is poised to produce some significant commercial general liability coverage decisions, including a potential ruling from the U.S. Supreme Court on an insurer's fight for standing in an asbestos bankruptcy settlement. Here, Law360 looks at the cases to watch for in the early months of the new year.
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November 03, 2023
Justices' Ruling On Insurer Standing Could Spark Sea Change
The U.S. Supreme Court's decision to tackle a dispute between an insurer and Kaiser Gypsum over its Chapter 11 reorganization plan to resolve asbestos injury claims could have a sea change effect on how courts address standing in bankruptcy proceedings, experts say.
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October 13, 2023
High Court To Review Insurer's Asbestos Bankruptcy Row
The U.S. Supreme Court on Friday accepted Truck Insurance Exchange Co.'s request to review a Fourth Circuit ruling saying it lacked standing to object to Kaiser Gypsum's Chapter 11 reorganization plan, which included the establishment of a trust for asbestos injury plaintiffs.
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May 08, 2023
Insurer Takes Ch. 11 Asbestos Trust Challenge To High Court
Truck Insurance Exchange urged the U.S. Supreme Court to review a Fourth Circuit decision that declared the insurer wasn't a "party in interest" with standing to challenge insured Kaiser Gypsum's Chapter 11 reorganization plan, which established a trust for asbestos injury claims.