Supreme Court Rules Insurer Is A “Party In Interest” And Can Raise Objections In Insureds’ Chapter 11 Bankruptcy Proceeding

By Sarah Hertz Maisel, Alyssa Vranak and Jacob Baron

Truck Insurance Exchange v. Kaiser Gypsum Company, Inc.

The Truck Decision

On June 6, 2024, the U.S. Supreme Court issued its decision in Truck Insurance Exchange v. Kaiser Gypsum Co., Inc., et al., No. 22-1079, holding that an insurer with financial responsibility for a bankruptcy…