Pennsylvania | Global Insolvency

Insurer denied standing to object to bankruptcy proceeding because plan is “insurance silent”

11 August 2008

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District Court holds that untimely objection waives Fifth Amendment objection in coverage dispute

11 August 2008

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Pennsylvania Supreme Court recognizes an "ordinary course of business" exception to preference actions brought by liquidator of reliance insurance company

02 March 2009

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Pennsylvania Supreme Court establishes "ordinary course of business" exception in preference actions under state's insurance insolvency statute

09 March 2009

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Pennsylvania Supreme Court determines that payments made in the ordinary course of business do not constitute voidable preferences under insurer insolvency statute

04 March 2009

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Commingling of identities held insufficient to pierce corporate veil

20 March 2009

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Case closed: Eastern District of Pennsylvania dismisses Di Loreto’s claims

02 April 2009

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Reliance Insurance receives court approval of liquidation settlement agreement

09 September 2009

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Pennsylvania district court denies secured creditors’ right to credit bid in sale auction where debtors had proposed to provide them the “indubitable equivalent” of their claims under plan of reorganization

13 November 2009

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In re Philadelphia Newspapers: potential ramifications for secured lenders in debt restructurings

02 December 2009

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