Trade Credit
Trade Credit
News, insights and thought leadership for re/insurance professionals with an interest in trade credit.

Bayer Weighs ‘Texas Two-Step' Bankruptcy Filing Over Roundup

Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes...
Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas Two-Step bankruptcy to try to resolve tens of thousands of US lawsuits claiming its Roundup weedkiller causes...
Article / 13 days ago

New Jersey Catholic diocese's $87.5 mln abuse settlement approved - Reuters

A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy plan, allowing the New Jersey diocese to move ahead with a $87.5 million settlement of sex abuse lawsuits.
A U.S. bankruptcy judge on Thursday approved the Diocese of Camden's Chapter 11 bankruptcy plan, allowing the New Jersey diocese to move ahead with a $87.5 million settlement of sex abuse lawsuits.
reuters.com / Article / 14 days ago

Australia

In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
In Australia, 2023 was the first 'normal' year since 2019. Public health concerns, however, were replaced by economic pessimism...
Article / 2 months ago

Asbestos plaintiffs fail to knock Trane companies out of bankruptcy - Reuters

A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are not in "financial distress."
A U.S. bankruptcy judge ruled Thursday that two Trane Technologies subsidiaries, Aldrich Pump and Murray Boiler, may remain in bankruptcy despite asbestos plaintiffs' arguments that the companies are not in "financial distress."
reuters.com / Article / 3 months ago

Insurers Blast Camden Diocese New Ch. 11 Plan  - Law360 UK

A group of insurance companies asked a New Jersey bankruptcy judge to reject the most recent Chapter 11 plan filed by the Roman Catholic Diocese of Camden and its official committee of tort claimant creditors
A group of insurance companies asked a New Jersey bankruptcy judge to reject the most recent Chapter 11 plan filed by the Roman Catholic Diocese of Camden and its official committee of tort claimant creditors
law360.com / Article / 5 months ago

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