N.Y. District Court Transfers Lloyds Insurance Dispute To Delaware Bankruptcy

NEW YORK- A U.S. District Court in New York on Feb. 5 ordered an asbestos coverage case transferred to the Bankruptcy Court in Delaware, saying the bankruptcy court was the proper forum in which to argue issues arising from the bankruptcy court's liability rulings. Certain Underwriters at Lloyd's, London and Certain London Market Insurance Companies v. ABB Lummus Global, Inc., et al. No. 03 Civ. 7248 (S.D. N.Y.)

Judge John G. Koeltl ruled that the motion by Certain Underwriters at Lloyd's against Basic Inc. and ABB Lummus for abstention under 28 U.S.C. § 1334 was inappropriate because there is no …