Asbestosis Claimants v American Steamship Owners Mutual Protection and Indemnity Association Inc – US Court of Appeals (2nd Circuit) (Miner, Leval and Pooler Ct JJ) – 19 June 2008

Marine insurance – Liability insurance – Shipping company insured under policy containing “pay-first” requirement – Shipping company going bankrupt – Trustee in bankruptcy proposing payment structure to permit claims to be made by asbestosis claimants – Whether proposed payment structure a sham

(2008) 753 LMLN 3