- 11 U.S.C.
In re Jefferson County
Apr
15
2013
Ruling
Stay applied to reinsurer's action against underwriters with cross claims against debtor county.
Procedural posture
An insurer of warrants for sewer system improvements issued by a bankruptcy debtor which was a county brought an action in state court against the debtor and underwriters of the warrants based on fraud, and a reinsurer of the warrants brought a virtually identical action against the underwriters which asserted cross-claims against the debtor. The reinsurer moved for a determination that the automatic bankruptcy stay did not apply to its action.
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Court
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