Asbestos Settlement Trust v. City of New York
Court of Appeals for the Eleventh Circuit
1Opinion of the Court
BRUNETTI, Circuit Judge:
The Asbestos Settlement Trust was uniquely created to resolve and liquidate thousands of personal injury and property damage claims against The Celotex Corporation and Carey Canada. This appeal involves one subset of those claims: asbestos property damage claims by the City of New York that the claims administrator allowed but the trustees refused to pay. The City of New York and the trustees dispute the scope of the trustees’ power to overrule the administrator’s determinations, whether the administrator’s decisions or the trustees’ decisions are entitled to…
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