Kaiser Gypsum Insurer: Lack Of Fraud Protection Dooms Debtors’ Bankruptcy Plan

Mealey's (January 12, 2021, 9:11 AM EST) -- CHARLOTTE, N.C. —  The main asbestos insurer for Chapter 11 debtor Kaiser Gypsum Co. Inc. reiterated in a Dec. 31 reply brief in North Carolina federal court its belief that the debtor’s proposed plan of reorganization is fatally flawed because it does not protect the debtor’s insurers from fraud by asbestos claimants and their attorneys, adding that contrary to Kaiser’s assertions, it has standing to oppose the plan....