Trustee Says Insurers’ Asbestos Coverage Suit Still Stayed By Nash Chapter 7 Case

(November 21, 2022, 11:20 AM EST) -- NEW HAVEN, Conn. — A declaratory judgment action by insurers seeking a ruling on available coverage for asbestos claims against Chapter 7 debtor The Nash Engineering Co. remains barred by the bankruptcy automatic stay and should stay that way to give the trustee the chance to investigate the coverage and then negotiate with the insurers for a settlement, the trustee said in a status report in Connecticut federal court....