Insurer To 4th Circuit: Kaiser Gypsum’s Reorganization Plan Violates Section 524(g)

Mealey's (September 23, 2021, 10:45 AM EDT) -- RICHMOND, Va. — Confirmation of the plan of reorganization for Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. should be reversed because the plan does not meet the requirements of asbestos trust bankruptcy law and was filed in bad faith, the debtors’ primary insurer tells the Fourth Circuit U.S. Court of Appeals in a Sept. 20 opening brief in its appeal of the plan confirmation....