Tag Archives: BANKRUPTCY LAW

INJURED PLAINTIFFS IN ASBESTOS ACTIONS ARE ENJOINED FROM SUING INSURER OF ASBESTOS MANUFACTURER FOR ALLEGED WRONGDOINGS OF INSURER BASED ON LANGUAGE OF BANKRUPTCY COURT’S REORGANIZATION ORDERS: TRAVELERS INDEMNITY CO. V. BAILEY

BY LISA DOUGAN

In a narrow holding in Travelers Indemnity Co. v. Bailey, the United States Supreme Court held that direct actions asserted by plaintiffs against the insurers of asbestos manufacturers based on the alleged wrongdoing of the insurer were barred based on the reorganization plan and injunction order approved by the Bankruptcy Court.
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Filed under Volume 12-2