New Fraud Evidence Must Be Considered For Pittsburgh Corning’s Plan, Insurers Say
Mealey's (November 10, 2015, 2:04 PM EST) -- PITTSBURGH — A Pennsylvania federal court erred when it failed to consider that fraud occurred in asbestos claimant voting on Pittsburgh Corning Corp.’s Chapter 11 plan of reorganization and that the fraud was “inherently and critically tied to procurement of the confirmation order,” two insurance companies told the Third Circuit U.S. Court of Appeals on Nov. 9 (Mt. McKinley Insurance Company, et al. v. Pittsburgh Corning Corporation, Nos. 15-2954, 14-4329, 3rd Cir.).