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Firemans Fund Ins. Co. v. Plant Insulation Co. (In re Plant Insulation Co.)

Firemans Fund Ins. Co. v. Plant Insulation Co. (In re Plant Insulation Co.)

Ruling
Confirmation reversed due to improper treatment of future asbestos claimants.
Issue(s)
Did plan establishing trust to be funded by insurance proceeds and securities in the reorganized debtor satisfy the requirement that a court-appointed fiduciary stand in for future asbestos claimants to ensure fairness to them.

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Court :
Judge or Jurisdiction information not available
Commercial opinion summary, case decided on October 28, 2013 , LexisNexis #1113-084