The Supreme Court ruled unanimously on June 6 that an insurance company has standing to challenge a bankruptcy reorganization plan that it claims will leave it open to paying fraudulent asbestos exposure claims.
Asbestos is a fire-resistant mineral whose fibers used to be commonly employed in construction and other industries. Although it had been used for thousands of years and was once called a “miracle mineral,” it was later discovered that it can cause lung cancer, mesothelioma, and asbestosis.
