G-I Holdings Coverage Dispute is Related To Bankruptcy, But Not to the Core, Court Says

NEWARK, N.J. - A bankruptcy judge in New Jersey has ruled that a claim by bankrupt asbestos defendant G-I Holdings for coverage of more than 100 environmental harm lawsuits is not a core proceeding, although it is 'related' and could have an effect on the company's bankruptcy case. In Re G-I Holdings, Inc., No. 01-567 (D. N.J., Bankr.).

Judge Rosemary Gambardella of the U.S. Bankruptcy Court for the District of New Jersey ruled May 21 that the coverage action filed against Hartford Accident and Indemnity Co. and others addresses primarily claims that were filed against G-I, formerly GAF, before the …