Manville, Thorpe Trusts Both Seek Judgment In Row Over Indemnification Claims

(May 9, 2018, 3:46 PM EDT) -- NEW YORK — The Thorpe Insulation Company Asbestos Settlement Trust has an “unequivocal right” to be reimbursed by the Manville Personal Injury Settlement Trust for payments made to asbestos claimants, and the Manville Trust’s nonpayment constitutes breach of a 1994 indemnity agreement among asbestos producer Johns-Manville and asbestos product distributors, including Thorpe, the Thorpe Trust says in an April 20 motion for summary judgment in New York federal bankruptcy court (Manville Personal Injury Settlement Trust v. Thorpe Insulation Company Asbestos Settlement Trust, No. 1:17-ap-1186, S.D. N.Y. Bkcy.)....