Thorpe Trust Loses Bid For Reconsideration In Indemnification Dispute

(July 25, 2019, 8:20 AM EDT) -- NEW YORK — A New York federal bankruptcy judge on July 10 turned down a request by the asbestos personal injury trust established in the Thorpe Insulation Co. Chapter 11 case to reconsider her denial of the trust’s bid for summary judgment on the issue of whether the Johns-Manville Corp. asbestos trust must indemnify the Thorpe trust for settlements made to claimants of both companies (Manville Personal Injury Settlement Trust v. Thorpe Insulation Company Asbestos Settlement Trust, No. 19-04039, S.D. N.Y.)....