Kaiser Debtors, Claimant Reps Agree Asbestos Insurer Not A Party In Interest

(January 29, 2024, 1:12 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court should affirm the finding by three courts that the primary insurer of Chapter 11 asbestos debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. does not have standing to object to the debtors’ reorganization plan because none of the insurer’s prepetition interests is affected by the plan, the debtors and asbestos claimants’ representatives tell the high court in respondent briefs on the merits....