Kaiser Gypsum Directed To Assume Insurers’ Asbestos Coverage Agreement

Mealey's (May 31, 2018, 11:18 AM EDT) -- CHARLOTTE, N.C. — A North Carolina federal bankruptcy judge on May 29 ordered Chapter 11 debtor Kaiser Gypsum Co. to assume a settlement agreement among the debtor’s insurers for payment of asbestos claims, saying the assumption is conditioned on approval of Kaiser’s plan to send stayed asbestos claims back to the tort system (In re Kaiser Gypsum Company, Inc., et al., No. 16-31602, W.D. N.C. Bkcy.)....