California Federal Judge: Insurers Must Post $1.5M Bond In Asbestos Suit

Mealey's (May 12, 2016, 12:57 PM EDT) -- SAN FRANCISCO — A California federal judge on May 9 determined that insurers must post a bond of $1.5 million, plus prejudgment interest, in a coverage dispute with Chapter 11 debtor The Flintkote Co. (The Flintkote Company v. Aviva PLC, No. 15-cv-01638, N.D. Calif.; 2016 U.S. Dist. LEXIS 61366).

(Order available. Document #03-160518-002R.)

Wellington Agreement

Flintkote and Canadian affiliate Flintkote Mines Ltd. (collectively, Flintkote) filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in 2004 in the U.S. Bankruptcy Court for the District...
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