Kaiser Gypsum Plan Approval ‘Indefensible,’ Insurer Argues On Appeal

Mealey's (December 21, 2021, 8:59 AM EST) -- RICHMOND, Va. — Rather than defend the merits of their plan of reorganization, Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. try to prevent their primary asbestos insurer from attacking the plan based on its alleged lack of standing, but even that argument fails, the insurer tells the Fourth Circuit U.S. Court of Appeals in a recent reply brief....