Winter Leadership Conference | December 5-7 | Rancho Palos Verdes , CA Register Today View Schedule

Factory Mut. Ins. V. Panda Energy Intl Inc. (In re Hereford Biofuels LP)

Ruling: 
Debtor's parent enjoined from pursuing claims against debtor's insurer that were property of the estate and had been sold and released.
Procedural posture: 
Plaintiff insurer filed an adversary proceeding against defendant energy company, the parent company of a biofuels business ("debtor") that declared chapter 11 bankruptcy, seeking a determination that claims the energy company filed against the insurer in a Texas court were barred, and an order enjoining the energy company from proceeding with that action. The parties filed cross-motions for summary judgment.
Issue: 
ABI Membership is required to access the full summary of Factory Mut. Ins. V. Panda Energy Intl Inc. (In re Hereford Biofuels LP). Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Commercial case opionion summary, case decided on January 03,2012, LexisNexis #0212-023