Motor Vehicle Casualty Co. v. Thorpe Insulation Co. (In re Thorpe Insulation Co.)
Jan
24
2012
Ruling
Plan that might economically effect debtor's insurers in substantial ways was not insurance neutral, giving insurers standing to object to confirmation.
Procedural posture
Appellant non-settling insurers appealed the judgment of the United States District Court for the Central District of California that affirmed a bankruptcy court's confirmation of a chapter 11 plan of reorganization under 11 U.S.C.S. § 524(g) of appellee debtors and held that the plan was insurance neutral, the insurers did not have standing to object to the plan, and the plan preempted the insurers' state law contract rights.
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Court
:
Judge or Jurisdiction information not available