Insurer Granted Relief From Kaiser Gypsum’s Stay To Seek Settlement Reimbursement

(March 21, 2018, 1:02 PM EDT) -- CHARLOTTE, N.C. — An insurer of Chapter 11 debtor Hanson Permanente Cement Inc. won relief from the automatic bankruptcy stay March 7 in North Carolina federal bankruptcy court so it can pursue $2.8 million in reimbursements from other insurers for settlement payments made to asbestos personal injury claimants under a 2009 agreement (In re Kaiser Gypsum Company, Inc., et al., No. 16-31602, W.D. N.C. Bkcy.)....