Kaiser Gypsum Insurer Accuses Debtors Of Filing Plan In Bad Faith

Mealey's (February 25, 2020, 5:31 PM EST) -- CHARLOTTE, N.C. — The plan of reorganization for Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. is just a ruse to protect hundreds of nondebtor affiliates from asbestos claims while allowing most current claims to be decided in a court system that’s rampant with fraud and abuse by plaintiffs’ attorneys, the debtors’ primary asbestos insurer says in a Feb. 24 objection to the plan (In re Kaiser Gypsum Company, Inc., et al., No. 16-31602, W.D. N.C. Bkcy.)....