Bankruptcy Judge: Insurers Can Seek Contribution From Pittsburgh Corning Parent
Mealey's (June 17, 2016, 11:56 AM EDT) -- PITTSBURGH — A Pennsylvania federal bankruptcy judge approved a stipulation June 14 allowing insurers to proceed with their claim against the parent company of Chapter 11 debtor Pittsburgh Corning Corp. (PCC) for contribution or indemnification in a Louisiana state court asbestos premises liability action (In re: Pittsburgh Corning Corporation, No. 00-22876, W.D. Pa. Bkcy.).
(Order available. Document #48-160624-009R.)
PCC filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in 2000 in the U.S. Bankruptcy Court for the Western District of...