Jan
26
9th Circuit Says Insurers Have Standing To Object To Thorpe’s Confirmed Plan
January 26, 2012 | Leave a Comment
SAN FRANCISCO – Because Thorpe Insulation Co.’s Chapter 11 plan of reorganization could harm insurance companies, the plan is not “insurance neutral” and, therefore, the insurers have standing to object to it, the Ninth Circuit U.S. Court of Appeals held Jan. 24 in reversing approval of the plan and remanding the case so the insurers’ [...]