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Signal Intl. LLC Files for Ch. 11 to Settle H-2B Trafficking Lawsuit - Law360

Law360, July 13, 2015 - " Oil and gas service and shipbuilding company Signal International LLC and several affiliates filed for Chapter 11 protection late Sunday in Delaware with a deal in hand that aims to resolve contentious litigation, including a labor trafficking case that resulted in a $14...

Mealey's Bankruptcy - Energy Future Says Asbestos Bar Date Notice Satisfies Due Process

WILMINGTON, Del. - Chapter 11 debtor Energy Future Holdings Corp. (EFH) on July 13 said it has incorporated most suggestions made by a creditors' committee for the debtor's proposal to notify current and possible future asbestos claimants of a deadline to file proofs of claim but urges the Delaware...

Mealey's Bankruptcy - Insurance Commissioner Wants Approval Of $200M Settlement With Foreign Bank

LOS ANGELES - California's insurance commission asked a California court on July 9 to approve a $200 million settlement on behalf of an insolvent insurer with a foreign-owned bank (Insurance Commissioner of the State of California v. Executive Life Insurance Company, No. BS 006912, Calif. Super....

Mealey's Bankruptcy - New Jersey Property Owner Loses Bid For Reconsideration Of Ruling For Flintkote

WILMINGTON, Del. - A Delaware federal judge on July 14 declined to reconsider his affirmation of a bankruptcy court's grant of summary judgment to Chapter 11 debtor The Flintkote Co. on a corporate property owner's bid for relief from the bankruptcy stay to pursue state and federal environmental...

$20M Settlement Reached in H-2B Trafficking Case Against Signal Intl.

First, watch this video . - "Daniel Werner, SPLC senior supervising attorney, speaks about the SPLC’s lawsuit against Signal. The legal team received the Public Justice Foundation’s Trial Lawyer of the Year award for its work on the case." "A $20 million settlement agreement...

Mealey's Bankruptcy - Bankruptcy Judge Sets Asbestos Bar Date For Energy Future Claimants

WILMINGTON, Del. - Asbestos personal injury claimants of Chapter 11 debtor Energy Future Holdings Corp. (EFH), including those who have yet to show any signs of asbestos disease, have until Dec. 14 to file proofs of claim in the bankruptcy case, according to an order filed July 15 in Delaware federal...

Mealey's Bankruptcy - Insurer Drops Dismissal Bid In Rapid-American Declaratory Judgment Action

NEW YORK - One of three insurance companies sued by Chapter 11 debtor Rapid-American Corp. and its asbestos creditors for $64 million in remaining policy limits for asbestos claims on July 20 withdrew its dismissal motion in New York federal bankruptcy court in favor of allowing the debtor to file its...

Mealey's Bankruptcy - Insurer: Asbestos Claimants' Negligence Claims Barred By W.R. Grace Injunction

WILMINGTON, Del. - Asbestos personal injury claimants' negligence and bad faith claims against an insurance company are barred not only by an injunction in former Chapter 11 debtor W.R. Grace & Co.'s bankruptcy case but also by past litigation in which the same claims were twice found to...

Mealey's Bankruptcy - Pennsylvania High Court Affirms Denial Of Petition To Liquidate Insurers

HARRISBURG, Pa. - The Pennsylvania Supreme Court on July 20 affirmed a lower court decision that the rehabilitation of two insolvent insurers should not be converted to a liquidation process (In re: Penn Treaty Network America Insurance Company in Rehabilitation, No. 94 MAP 2012, Pa. Sup., Middle Dist...

Mealey's Bankruptcy - Children Of Meso Victim Seek Legal Representative For Unmanifested EFH Claimants

WILMINGTON, Del. - The son and daughter of a man who died from mesothelioma after being exposed to asbestos at a plant operated by an affiliate of Chapter 11 debtor Energy Future Holdings Corp. (EFH) say a legal representative should be appointed in EFH's bankruptcy case to protect the interests...

Mealey's Bankruptcy - GM Bankruptcy Judge Denies Motions For Relief From Ruling Barring Suits

NEW YORK - The judge overseeing the General Motors Corp. (Old GM) bankruptcy proceedings on July 22 rejected a challenge to his ruling enforcing a sale order and injunction barring hundreds suits against General Motors LLC (New GM) alleging personal injury and economic loss as a result of ignition-switch...

Mealey's Bankruptcy - Energy Future Holdings Proposes 2 Options For Reorganizing

WILMINGTON, Del. - Chapter 11 debtor Energy Future Holdings Corp. (EFH) on July 23 filed an amended plan of reorganization that includes two options for emerging from bankruptcy, with the company favoring a plan that includes $12.1 billion of new debt and equity arranged by an ad hoc group and the conversion...

Mealey's Bankruptcy - Bankruptcy Judge: Claims Against Insurer Barred By Johns-Manville Injunction

NEW YORK - An asbestosis victim's claims that an insurance company conspired with Johns-Manville Corp. to withhold information from the public on the dangers of asbestos inhalation are barred by nearly 30-year-old court orders confirming Johns-Manville's bankruptcy reorganization plan and issuing...

Mealey's Bankruptcy - New Jersey Property Owner Asks 3rd Circuit To Decide Claims Against Flintkote

WILMINGTON, Del. - A corporate property owner is taking its pursuit of state and federal environmental liability claims against Chapter 11 debtor The Flintkote Co. to the Third Circuit U.S. Court of Appeals, according to a notice of appeal the property owner filed Aug. 5 in Delaware federal court (8...

Mealey's Bankruptcy - Amended Order Clears Way For Garlock Discovery Of Manville Trust Claim Data

CHARLOTTE, N.C. - A North Carolina federal bankruptcy judge on Aug. 5 amended his order allowing Chapter 11 debtor Garlock Sealing Technologies LLC to serve a subpoena on the Manville Personal Injury Settlement Trust for information on the more than 90,000 asbestos claimants in Garlock's bankruptcy...

Mealey's Bankruptcy - Plaintiffs Ask Bankruptcy Court To Deny Enforcement Of Stay Of Suits Against GM

NEW YORK - The plaintiffs in the ignition-switch litigation against General Motors LLC (New GM), a group of non-ignition switch plaintiffs and the states of Arizona and California on Aug. 5 filed an objection to the automaker's motion to enforce a stay against dozens of suits against it (In re: Chapter...

Mealey's Bankruptcy - Former Boilermaker Enters 2nd Round Of Bankruptcy Due To Asbestos Claims

CHICAGO - Defunct boiler manufacturer Oakfabco Inc. filed a voluntary Chapter 11 petition Aug. 7 in Illinois federal bankruptcy court, with plans to liquidate its assets, establish a multimillion dollar trust with insurance settlement proceeds to pay asbestos personal injury claims and then cancel its...

Mealey's Bankruptcy - Bankruptcy Court Confirms Flintkote's Amended Reorganization Plan

WILMINGTON, Del. - A Delaware federal bankruptcy judge on Aug. 10 confirmed for the second time the Chapter 11 plan of reorganization for The Flintkote Co. and Canadian affiliate Flintkote Mines Ltd. after asbestos claimants voted overwhelmingly to approve the plan and its asbestos personal injury trust...

Mealey's Bankruptcy - Bankruptcy Judge Denies GM's Motion To Stay Suits By Plaintiffs, 2 States

NEW YORK - A recent U.S. Supreme Court decision requires that certain plaintiffs in the ignition-switch litigation against General Motors LLC (New GM) be allowed to have their suits reviewed by a federal district court judge, the bankruptcy judge overseeing the General Motors Corp. (Old GM) bankruptcy...

Mealey's Bankruptcy - Judge Denies Insurers' Bid For Relief From Pittsburgh Corning's Plan Approval

PITTSBURGH - A Pennsylvania federal judge on Aug. 12 denied a request by two insurance companies for relief from the judgment approving Pittsburgh Corning Corp.'s Chapter 11 plan of reorganization, finding that she lacks authority to grant the request and that new evidence relied on by the insurers...

Mealey's Bankruptcy - EPA Says EFH Is Vague About Environmental Liabilities In Disclosure Statement

WILMINGTON, Del. - The amended disclosure statement for the plan of reorganization of Chapter 11 debtor Energy Future Holdings Corp. (EFH) should not be approved because it does not clearly state whether EFH will comply with its obligations under environmental law concerning properties owned and operated...

Mealey's Bankruptcy - Judge To Hear Argument For 2 Suits On W.R. Grace Insurer Liability At Same Time

WILMINGTON, Del. - A Delaware federal bankruptcy judge on Aug. 19 consolidated for oral argument motions to dismiss and for summary judgment in two adversary cases that ask the same question: whether the protective injunction in W.R. Grace & Co.'s Chapter 11 case bars asbestos personal injury...

State Net Capitol Journal – August 24, 2015; Breakthrough on North Carolina Budget

Budget & Taxes Breakthrough on NC Budget North Carolina Gov. Pat McCrory (R) and legislative leaders have finally agreed to spend $21.74 billion this fiscal year. The state has been operating without a budget - running on continuing resolutions instead - since the new fiscal year began on July...

Mealey's Bankruptcy - Asbestos Claimants Take Issue With Reichhold's Omnibus Objection To Claims

WILMINGTON, Del. - Fifteen asbestos personal injury claimants filed an objection Aug. 20 to the seventh omnibus objection of Chapter 11 debtor Reichhold Holdings US Inc. to certain asbestos claims, saying Reichhold may be using the omnibus claim objection procedures to steer asbestos claims to a company...

Mealey's Bankruptcy - Garlock Asbestos Committee: Plan Negotiations Should Remain Confidential

CHARLOTTE, N.C. - Negotiations between asbestos claimants and Chapter 11 debtor Garlock Sealing Technologies LLC in a failed effort to reach a consensus on a plan of reorganization should remain confidential and out of the reach of discovery in the plan confirmation process, the claimants' committee...