MacArthur Co. v. Johns-Manville Corp.

How later courts describe this case

• holding that a FERC-approved settlement need not assure just and reasonable rates
• affirming district court's order approving settlement between debtor and insurers and enjoining all future suits against insurers relating to settled policies
• affirming district court’s order approving settlement between debtor and insurers and enjoining all future suit against insurers relating to settled policies
• channeling of claims to proceeds consistent with intent of sale free and clear under § 363(f)
• This case involved an asbestos class action. The court based its ruling upon the bankruptcy court’s equitable power under 11 U.S.C. § 105(a
• “It is well established that a bankruptcy court has jurisdiction over all of the property of the debtor’s estate, wherever located.”
• insurance policies are ''inseparable” from the claims base and well within the bankruptcy court's jurisdiction over the debtor's assets.
• permanent injunction protected insurance company from suits as part of a settlement wherein insurer contributed large sums of money to fund plan and pay claimants