The Supreme Court to Decide on Insurer Participation in Bankruptcies, Potentially Impacting the Surge in Mass Tort Lawsuits
New York, NY – A case coming before the U.S. Supreme Court this term may have far-reaching consequences for the nation’s mass tort lawsuits. The issue at hand is whether insurers should be allowed to participate in bankruptcies where tort claims are involved. Currently, debtors and creditors have the right to participate, but insurers are often left out. The question is whether insurers, who play a role in defending tort cases, should be considered “party-in-interest” and have a say in the bankruptcy process. The Supreme Court will weigh in on this issue in the case … Read more