Supreme Court Reverses, Says Asbestos Debtor’s Insurer Can Challenge Reorganization

(June 6, 2024, 12:03 PM EDT) -- WASHINGTON, D.C. — Because the primary insurer of Chapter 11 asbestos debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. is on the hook for most of the debtors’ asbestos liabilities under their reorganization plan, it is a party in interest that has standing to object to the plan, the U.S. Supreme Court held June 6 in a unanimous decision....

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