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3rd Circ. Affirms Capeco Ch. 11 Claim Distribution Orders

By Jeff Sistrunk ( September 18, 2014, 3:54 PM EDT) -- The Third Circuit on Thursday rejected Intertek USA Inc.'s argument that orders entered in Caribbean Petroleum Corp.'s Chapter 11 bankruptcy case give priority to tort claimants over other general unsecured creditors in the distribution of certain insurance proceeds, saying the plain language of the orders makes no such provision....

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