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Law360: A Settling Party’s Cross-Claim Shield in Bankruptcy Cases

California Code of Civil Procedure (“CCP”) Sections 877.6 and 877 create a procedure whereby a settling defendant can be insulated from claims of contribution and indemnity from non-settling codefendants. This arises in cases of joint tortfeasors, environmental or asbestos situations where one defendant wants to extricate itself and eliminate the risk of future cross claims […]