- 11 U.S.C.
In re Chemtura Corp.
Sep
07
2010
Ruling
Indemnification claims for unliquidated amounts in pending lawsuits disallowed.
Procedural posture
Debtors, a corporation and its affiliates, filed petitions under Chapter 11 of the Bankruptcy Code, and five companies filed claims against the debtors' bankruptcy estates, seeking contribution for potential damages they owed in product liability lawsuits. The debtors filed objections to the claims, contending that they had to be disallowed under 11 U.S.C.S. § 502(e)(1)(B).
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Court
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