California Federal Judge Rejects Insurers' Appeals Of Reorganization, Settlement

California Federal Judge Rejects Insurers' Appeals Of Reorganization, Settlement

SAN FRANCISCO - A California federal judge on Oct. 9 overruled all objections filed on appeal by 13 insurance companies to Plant Insulation Co.'s Chapter 11 plan of reorganization and affirmed confirmation of the plan, finding that the bankruptcy judge did not err in approving the reorganization (In re Plant Insulation Co. [Fireman's Fund Insurance Company, et al., v. Plant Insulation Co., et al.],  No. 12-1887, N.D. Calif.; 2012 U.S. Dist. LEXIS 146071).

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