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NEW YORK-A federal judge has dismissed objections from asbestos claimants and insurers to St. Paul Travelers Cos. Inc.'s two-year-old, $500 million settlement of certain claims arising from the Johns-Manville Corp. bankruptcy.
St. Paul Travelers, Manville's longtime primary insurer, agreed in 2004 to settle three groups of so-called "direct action" lawsuits filed against it by claimants allegedly injured by products made by Denver-based Manville.
Plaintiffs argued, among other things, that the insurance company violated...