Bankruptcy To Resolve Bondex Asbestos Liability

WILMINGTON, Del. - (Mealey's) Bondex International Inc. and Specialty Products Holding Corp. on May 31 filed separate voluntary petitions for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware and moved to have the cases jointly administered; the cases are geared at resolving...

3rd Circuit Changes Standard For Asbestos Claim Discharge

PHILADELPHIA - (Mealey's) An en banc Third Circuit U.S. Court of Appeals on June 2 overruled a precedential holding outlining when an asbestos-related claim can be discharged by a bankrupt company's plan of reorganization, saying that the previous test for accrual was too narrow and that courts...

Judge Denies Quigley Company's Plan Of Reorganization

NEW YORK - (Mealey's) Finding that Pfizer Inc. manipulated creditor votes in seeking support for a plan of reorganization for its wholly owned subsidiary Quigley Co. Inc., a New York bankruptcy judge on Sept. 8 denied Quigley's plan of reorganization to resolve its asbestos liabilities ( In re...

Durabla Chapter 11 Case Continues; Dismissal Denied

WILMINGTON, Del. -- The Delaware bankruptcy judge overseeing Durabla Manufacturing Co.'s Chapter 11 case on Oct. 6 rejected a motion to dismiss the case made by a group of asbestos personal injury plaintiffs who maintain that the case was filed in bad faith and only to protect the company's president...

Bankruptcy Judge Approves Leslie Controls' Plan Of Reorganization

WILMINGTON, Del. - (Mealey's) The Delaware bankruptcy judge overseeing Leslie Control Inc.'s Chapter 11 case confirmed Leslie's plan of reorganization on Oct. 28 ( In Re: Leslie Controls Inc. , No. 10-12199-CSS, Del. Bkcy.). U.S. Bankruptcy Judge Christopher S. Sontchi of the District...

This Is Real Law: Expert Witness Malpractice: Making The Case For—And Against—Civil Liability

Captain Corcoran was never, never sick at sea. Well, hardly ever —as audiences familiar with Gilbert and Sullivan’s beloved 1878 comic opera H.M.S. Pinafore know so well. Indeed, they eagerly await the moment early in the opera when, challenged in song by his gallant crew, the ship’s...