Md. Bankruptcy Judge Declines To Reconsider Lifting Stay To Settle Asbestos Claims

Md. Bankruptcy Judge Declines To Reconsider Lifting Stay To Settle Asbestos Claims

BALTIMORE - A Maryland federal bankruptcy judge on March 29 denied a request to reconsider her decision to lift the automatic stay in Lloyd E. Mitchell Inc.'s (LEM) Chapter 11 case so a confidential settlement among the debtor, two insurers and a law firm representing 9,000 asbestos personal injury claimants can be implemented, finding that an opposing law firm failed to show that lifting the stay is clear error or an injustice (In re: Lloyd E. Mitchell Inc., No. 06-13250, D. Md. Bkcy.).

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