Legal Opinion
In Re Plant Insulation Co.
United States Bankruptcy Court, N.D. California
Decided March 15, 2012No. 19-30115PublishedCited by 4 opinions
1Opinion of the Court
OPINION
THOMAS E. CARLSON, Bankruptcy Judge.
INTRODUCTION
Debtor sold, installed, and repaired asbestos-containing products starting in 1937. Plagued by thousands of lawsuits, and facing its insurers’ claims that its insurance coverage was exhausted, Debtor filed a chapter 11 petition in this court. Debtor now seeks to confirm a plan that channels all asbestos injury claims to a section 524(g) trust established to benefit asbestos victims. The central feature of the plan is that it encourages insurers to make lump-sum settlement contributions to the trust by protecting settling insurers from…
2Cases cited24 opinions
- Winter v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 2008
- United States v. Security Industrial BankSupreme Court of the United States · 1982
- Hanover National Bank v. MoysesSupreme Court of the United States · 1902
- In Re: Combustion Engineering, Inc. First State Insurance Company Hartford Accident and Indemnity CompanyCourt of Appeals for the First Circuit · 2004
- Tech-Bilt, Inc. v. Woodward-Clyde & AssociatesCalifornia Supreme Court · 1985
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3Cited by4 opinions
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- In re Flintkote Co.United States Bankruptcy Court, D. Delaware · 2012
- Claar Cellars LLCUnited States Bankruptcy Court, E.D. Washington · 2021
- National Union Fire Insurance Co. of Pittsburgh PA v. Boy Scouts of America & Delaware BSA LLCDistrict Court, D. Delaware · 2023