Plant Insulation Company Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 13, 2014, an objection to the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Plant Insulation Company and its affiliates.

The filing was assigned docket number 2763 and is described on the court’s official docket as follows:

Objection NON-SETTLED INSURERS’ OBJECTION TO PLAN PROPONENTS’ MOTION FOR ORDER (A) APPROVING AGREEMENT WITH U.S. FIRE INSURANCE COMPANY, (B) DESIGNATING U.S. FIRE AS A SETTLING ASBESTOS INSURER UNDER THE PLAN, AND (C) APPROVING THE SALE OF INSURANCE POLICIES FREE AND CLEAR OF LIENS, CLAIMS AND INTERESTS Filed by Interested Party OneBeacon Insurance Company as successor in interest to American Employers’ Insurance Company with respect to certain contracts of insurance (Millner, Robert) (Entered: 06/13/2014)

Plant Insulation Company filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on May 20, 2009. The bankruptcy case is pending before the United States Bankruptcy Court for the Northern District of California . The case number for the lead bankruptcy case is 09-31347. The bankruptcy case is currently assigned to United States Bankruptcy Judge Thomas Carlson. The law firm of Jones Day LLP is acting as lead bankruptcy counsel to Plant Insulation Company in the bankruptcy case.

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