The Trustees received a disbursement of policy proceeds in connection with the Action.
In connection with additional pending motions for summary judgment on coverage filed by other insureds, the court considered whether the Trustees had standing to participate in the interpleader coverage dispute and to object to the disbursement of policy proceeds.
You further agree that by utilizing this site, your rights and obligations, as well as the rights and obligations of KCC, shall be governed, at KCC's sole discretion, by the laws of the State of California. Kacmarcik [email protected], Cifelli, Ellis & Nason, P. 1117 Perimeter Center West Suite W212 Atlanta, GA 30338 T: 404-262-7373 F: 404-262-9911 Co-Counsel to the CDC Liquidation Trust J. [email protected] Sanders LLP The Chrysler Building 405 Lexington Avenue New York, NY 10174-0700 T: 212-704-6000 F: 212-704-6288 Kurtzman Carson Consultants LLC ("KCC”) maintains this website at the direction of Lamberth, Cifelli, Ellis & Nason, P. KCC maintains this website for the public's convenience and, while KCC makes every attempt to ensure the accuracy of the information contained herein, this website is not the website of the United States Bankruptcy Court and does not contain the complete, official record of the Bankruptcy Court.
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Finally, the court decided that the Trustees’ status as plaintiff in certain actions filed against individual insureds did not give the Trustees a legally protected interest in the policy proceeds.KCC does not endorse or warrant and is not responsible for any third-party content that may be accessed from this website.Dbsi Liquidating Trust is located at the address 6327 Sw Capitol Hwy in Portland, Oregon 97239.KCC's Corporate Restructuring Court Documents Search provides access to thousands of historical court documents located on KCC public access websites.Please use the form below to refine and maximize search results.To have standing, the Trustees were required to demonstrate a “legally protected interest” in the policy proceeds that had been or was in actual danger of being adversely affected.The court rejected each of the arguments raised by the Trustees.First, the court concluded that the policy proceeds, in this context, were not the property of the estate because the debtor did not have existing claims under the policy.The Trustees argued that they had an interest in the proceeds because the funds could be payable to the estate in connection with several claims, including numerous miscellaneous proofs of claim that had not yet been resolved.You further agree that by utilizing this site, your rights and obligations, as well as the rights and obligations of KCC, shall be governed, at KCC's sole discretion, by the laws of the State of California.Electronic mail or other communications through this website or otherwise to KCC or any party in connection with any matter will not be treated as privileged or confidential.