Fibreboard Corp. v. Celotex Corporation
Court of Appeals for the Eleventh Circuit
1Per curiam
Fibreboard Corp. appeals the district court’s judgment for Celotex. The district court affirmed the bankruptcy court’s determination that Fibreboard could not bring a subrogation claim against Celotex in bankruptcy proceedings under either the Bankruptcy Code or state law. We hold Fibreboard is not entitled to subrogation for its payment of judgments on which both Celotex and Fibreboard were jointly and severally liable. Celotex and Fibre-board were each primarily liable on the judgments as a result of joint and several liability. Fibreboard’s release from the judgments constituted…
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