News & Analysis as of

Indalex

Pennsylvania Appeals Court Confirms Insurance Coverage for Product Liabilities and Distinguishes “Faulty Workmanship”

by K&L Gates LLP on

Whether a construction defect constitutes a covered “occurrence” under a commercial general liability (“CGL”) policy has been the subject of a national debate among state courts in recent years. Armed with a small minority of...more

Indalex: The Pennsylvania Superior Court Rejects Insurers' Attempts To Deny Coverage for Negligence Actions Involving 'Faulty...

by Reed Smith on

On December 3, 2013, the Pennsylvania Superior Court issued its opinion in Indalex Inc. v. National Union Fire Insurance Co. of Pittsburgh PA, holding that insurance coverage is available to product manufacturers for...more

New Concerns for Bondholders, Lenders and Other Creditors Following SCC’s Indalex Decision

by Bennett Jones LLP on

On February 1, 2013, the Supreme Court of Canada (SCC) released its much-awaited decision in the Indalex case. While the central issue in Indalex was the priority of wind-up deficiencies in defined benefit pension plans...more

Supreme Court of Canada Upholds Priority for DIP Lenders in CCAA Proceedings

by Dickinson Wright on

Overview - On February 1, 2013, the Supreme Court of Canada (the “SCC”) affirmed the priority granted to Debtor-In-Possession (“DIP”) lenders who provide capital to debtor companies undergoing the restructuring process...more

Obligations To Pensioners In An Insolvency: Supreme Court Clarifies The Law

by Dentons on

The Supreme Court of Canada overturned the Ontario Court of Appeal today in what is one of the most highly-anticipated cases for the pension and insolvency bars pending before the courts. In Indalex (Re) 2013 SCC 6, the court...more

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