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Mealey's Bankruptcy - Kaiser Gypsum Insurer's Suit Alleging Breaches Of Policies Stayed By Judge

CHARLOTTE, N.C. - An attempt by an insurer of Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. failed in its attempt to have an adversary case it filed moved from federal bankruptcy court to federal district court when a North Carolina federal judge on Oct. 1 stayed its transfer request pending action in the bankruptcy court on competing reorganization plans for the debtors (Truck Insurance Exchange v. Kaiser Gypsum Company, Inc., et al., No. 3:19-cv-467, W.D. N.C.).
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