Stay Lifted In Budd Co. Case To Allow Asbestos Actions To Proceed

Mealey's (February 17, 2016, 9:53 AM EST) -- CHICAGO — An Illinois federal bankruptcy judge on Feb. 11 modified the automatic stay in the Chapter 11 case of The Budd Co. Inc. so 123 asbestos claimants can pursue their claims against Budd in the tort system; however, the bankruptcy judge then stayed his order to allow Budd to file arguments regarding the current state of its insurance coverage (In re: The Budd Company, Inc., No. 14-11873, N.D. Ill. Bkcy.; 2016 Bankr. LEXIS 462).

(Memorandum opinion available. Document #48-160226-008Z. Order and list of claims available....
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