Kaiser Gypsum Insurer Proposes Plan With Asbestos Settlement, Litigation Options

Mealey's (April 18, 2018, 11:39 AM EDT) -- CHARLOTTE, N.C. — The primary insurer of Chapter 11 debtor Kaiser Gypsum Co. asked a North Carolina federal bankruptcy court April 17 to approve the disclosure statement for its plan of reorganization for Kaiser Gypsum, which failed to file its own plan, instead seeking to lift the bankruptcy stay so asbestos claimants can pursue their claims in the tort system, but only if they agree to have their settlements or judgments paid by the debtor’s insurers (In re Kaiser Gypsum Company, Inc., et al., No. 16-31602, W.D. N.C. Bkcy.)....