Court Upholds Settlement In Asbestos Lawsuits

Stock quotes in this article: TRV  

The 1986 order by the bankruptcy judge "bars only those claims against Manville's insurers seeking to recover from the bankruptcy estate for Manville's misconduct, not those claims seeking to recover against the insurers for their own misconduct," Stevens said.

The consolidated cases are The Travelers Indemnity Co. v. Bailey, 08-295, and Common Law Settlement Counsel v. Bailey, 08-307.

___

AP Business Writer Ieva M. Augstums in Charlotte, N.C., contributed to this report.

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