United States Backs Kaiser Gypsum Asbestos Insurer In Supreme Court Case

(January 3, 2024, 2:23 PM EST) -- WASHINGTON, D.C. — Because the policies of the primary insurer of Chapter 11 asbestos debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. are property of the bankruptcy estates and the insurer is a creditor of the debtors, the insurer has standing as a “party in interest” to challenge the debtors’ reorganization plan, the United States tells the U.S. Supreme Court in an amicus curiae brief....