4th Circuit Rejects Insurer’s Challenges To Kaiser’s Plan Confirmation

Mealey's ( February 15, 2023, 1:13 PM EST) -- RICHMOND, Va. — The primary insurer for Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. lacks standing not only under the U.S. Bankruptcy Code but also under the Constitution to challenge the debtors’ confirmed plan of reorganization, the Fourth Circuit U.S. Court of Appeals held Feb. 14, affirming the plan confirmation....