Specialty Products Seeks Expedited Appeal Of Asbestos Liability Ruling

WILMINGTON, Del. - Specialty Products Holding Corp. and Bondex International Inc. on June 18 sought to appeal directly to the Third Circuit U.S. Court of Appeals a Delaware federal bankruptcy court ruling setting their asbestos liabilities at $1.16 billion, saying "prompt guidance" from the appellate court is needed to resolve an issue at the heart of the debtors' bankruptcy case and important to the public (In re: Specialty Products Holding Corp., et al., No. 10-11780, D. Del. Bkcy.).

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