Penalty for Abruptly Withdrawing Authorization for Opioid Pain Medication: Cal. Comp. Cases July Advanced Postings (7/16/2014)

Here’s the fourth batch of advanced postings for July 2014 issue of Cal. Comp. Cases. Lexis.com and Lexis Advance subscribers can link to the case to read the complete headnotes and summaries. © Copyright 2014 LexisNexis. All rights reserved. County of Riverside, PSI, Petitioner v...

Mealey's Bankruptcy - OSG's Plan Confirmed; Allowed Asbestos Injury Claims To Be Reinstated

WILMINGTON, Del. - A Delaware federal bankruptcy judge on July 18 confirmed a Chapter 11 plan of reorganization for Overseas Shipholding Group Inc. (OSG) under which personal injury claims, including asbestos claims, will be unimpaired and remain assertable against the reorganized company (In Re: Overseas...

2nd Circuit: Bankruptcy Court Order Final; Insurers’ Deals With Asbestos Claimants Valid

NEW YORK — (Mealey's) The Second Circuit U.S. Court of Appeals on July 22 reinstated a federal bankruptcy court ruling requiring two insurance companies to pay $510 million to asbestos personal injury plaintiffs under decades-old settlements, finding that conditions precedent to payment under...

Mealey's Bankruptcy - 2nd Circuit: Bankruptcy Court Order Final; Insurers' Deals With Claimants Valid

NEW YORK - The Second Circuit U.S. Court of Appeals on July 22 reinstated a federal bankruptcy court ruling requiring two insurance companies to pay $510 million to asbestos personal injury plaintiffs under decades-old settlements, finding that conditions precedent to payment under the settlement agreements...

Mealey's Bankruptcy - Federal Judge Reverses Confidentiality Rulings In Garlock's Bankruptcy Case

CHARLOTTE, N.C. - A North Carolina federal judge on July 23 reversed rulings by the bankruptcy judge in the Chapter 11 case of Garlock Sealing Technologies LLC sealing evidence and filings and excluding the news media from the hearing to estimate Garlock's liability for asbestos personal injury claims...

Mealey's Bankruptcy - RPM Announces $797 Million Deal For Reorganization Of Specialty Products, Bondex

MEDINA, Ohio - The corporate parent of Chapter 11 debtors Specialty Products Holding Corp. and Bondex International Inc. announced July 28 that it has reached an agreement with asbestos personal injury claimants under which the parents will pay $797.5 million to fund a trust to resolve current and future...

Mealey's Bankruptcy - Class Action Against 'New GM' Subject To Stay, Bankruptcy Judge Rules

NEW YORK - Claims in an ignition-switch defect class action involve both Old (presale) GM and New (post-sale) GM and are therefore subject to stay, the bankruptcy judge overseeing General Motors Corp.'s (GM) Chapter 11 case ruled July 30 (In re: Chapter 11 Motors Liquidation Co., et al., f/k/a General...

Mealey's Bankruptcy - Garlock Bankruptcy Judge Sets Protocol For Release Of Confidentiality Information

CHARLOTTE, N.C. - At the direction of a federal judge, the North Carolina federal bankruptcy judge overseeing the Chapter 11 case of Garlock Sealing Technologies LLC on Aug. 1 established a protocol for allowing public access to sealed documents and testimony from Garlock's asbestos liability hearing...

Mealey's Bankruptcy - Excess Insurers To Pay $5.9 Million To Asbestos Trust In Plant Insulation Deals

SAN FRANCISCO - Two more insurance companies have settled their coverage disputes with Chapter 11 debtor Plant Insulation Co. under agreements approved Aug. 1 by a California federal bankruptcy judge that will add $5.9 million to Plant's asbestos personal injury trust (In re Plant Insulation Company...

Mealey's Bankruptcy - New GM Invokes Sale Order As Shield Against Liability For Old GM's Conduct

NEW YORK - General Motors LLC (New GM) filed two motions in the U.S. Bankruptcy Court for the Southern District of New York on Aug. 1 seeking to invoke the bankruptcy shield against suits alleging injuries suffered in accidents that occurred before its purchase of the assets of the bankrupt General Motors...

Mealey's Bankruptcy - Justice: Insolvent Insurer's Liquidator Wishes To Close Liquidation Proceedings

NEW YORK - A New York justice on Aug. 4 issued an order to show cause why the liquidation of Galaxy Insurance Co. should not be closed (In the Matter of Galaxy Insurance Co., No. 407611/94, N.Y. Sup., New York Co.).

Mealey's Bankruptcy - Judge Declines To Reopen Receiver's Case Against Insolvent Insurer's Auditors

OKLAHOMA CITY - A federal judge in Oklahoma on Aug 6 said he would not reopen a professional negligence case against an insolvent insurer's auditors after earlier closing the case after a reached settlement (State of Oklahoma, ex rel. John Doak, Insurance Commissioner, as Receiver for Pegasus Insurance...

Mealey's Bankruptcy - Judge Terminates Liquidation Of Cadillac Insurance Company

LANSING, Mich. - A Michigan state judge on Aug. 6 granted the liquidator of Cadillac Insurance Co.'s petition to end the liquidation proceedings (Bill Schuette, Attorney General of the State of Michigan, ex rel., et al. v. Cadillac Insurance Company, No. 89-64126-CR, Mich. Cir., Ingham Co.).

Mealey's Bankruptcy - Parties Brief Judge On Asbestos Verdict Against Trust Subsidiary

BOSTON - An asbestos bankruptcy trust asserting a widow's claims told a Massachusetts federal judge on Aug. 8 that its bankruptcy plan explicitly permitted a $9.3 million verdict against a subsidiary (Katherine Lydon, et al. v. T&N Limited, et al., No. 12-10013, D. Mass.).

Mealey's Bankruptcy - Liquidator Of Insolvent Insurer Has Asked To Close Liquidation Proceeding

NEW YORK - The liquidator of Capital Mutual Insurance Co. (CMIC) issued a notice in a New York state court on Aug. 12 regarding his request to close the insolvent insurer's liquidation proceeding (In the Matter of the Liquidation of Capital Mutual Insurance Company, No. 402044/00, N.Y. Sup., New...

Mealey's Bankruptcy - Aetna Granted Access To Asbestos Claimant Information In Specialty Products Case

WILMINGTON, Del. - A Delaware federal bankruptcy judge on Aug. 12 granted a request by health insurer Aetna Inc. to access statements and exhibits filed in the Specialty Products Holding Corp. bankruptcy case to pursue subrogation claims against the debtor for payments made to asbestos personal injury...

Mealey's Bankruptcy - United Gilsonite Proposes Consensual Plan To Reorganize, Pay Asbestos Claims

WILKES-BARRE, Pa. - United Gilsonite Laboratories (UGL) on Aug. 14 filed a Chapter 11 plan of reorganization in federal bankruptcy court that includes establishment of a trust to benefit asbestos personal injury claimants that will be funded in part by $19 million in cash from the debtor and its shareholders...

Mealey's Bankruptcy - Judge Rejects Insurers' Challenge To Approval Of Plant's Revised Plan

SAN FRANCISCO - A bankruptcy court correctly held that changes made by Plant Insulation Co. to its Chapter 11 plan of reorganization on remand from the Ninth Circuit U.S. Court of Appeals are sufficient to satisfy a U.S. Bankruptcy Code requirement that the asbestos trust established by the plan has...

Mealey's Bankruptcy - 156 Plaintiffs May File Complaint Over Injuries Predating GM Sale, MDL Judge Rules

NEW YORK - A group of 156 plaintiffs may file an omnibus complaint in the U.S. District Court for the Southern District of New York against General Motions LLC for deaths and injuries that occurred prior to the sale of General Motors Corp., the judge overseeing the GM ignition-switch multidistrict litigation...

Mealey's Bankruptcy - California DA Seeks Relief From Stay In GM Bankruptcy To Oppose Suit's Removal

NEW YORK - Orange County, Calif., District Attorney Tony Rackauckas asked the U.S. Bankruptcy Court for the Southern District of New York on Aug. 19 for limited relief from the automatic stay in the General Motors Corp. bankruptcy proceedings to allow him to seek remand of his California suit against...

Mealey's Bankruptcy - GM Ignition-Switch Plaintiffs Seek Relief From Stay In Bankruptcy Court

NEW YORK - The plaintiffs in a class action alleging that General Motors LLC (New GM) concealed ignition-switch defects in its vehicles on Aug. 22 asked U.S. Bankruptcy Judge Robert E. Gerber of the Southern District of New York, who is overseeing General Motors Corp.'s (Old GM) Chapter 11 proceedings...

Mealey's Bankruptcy - Bankruptcy Judge Finds Claims Against Tyvek Installer Are Timely

RALEIGH, N.C. - A federal bankruptcy court judge in North Carolina on Aug. 25 found that the general contractor overseeing construction of a luxury condominium complex could pursue claims for negligence, breach of express warranty and indemnity against the subcontractor that installed Tyvek building...

Mealey's Bankruptcy - Republic Powdered Metals Joins Affiliate Specialty Products In Bankruptcy

WILMINGTON, Del. - Roof coatings and restoration company Republic Powdered Metals Inc., an affiliate of Chapter 11 debtor Specialty Products Holding Corp., on Aug. 31 filed its own voluntary Chapter 11 petition in Delaware federal bankruptcy court, seeking to reorganize and resolve asbestos personal...

Mealey's Bankruptcy - GM Opposes Stay Relief For California District Attorney's State Court Suit

NEW YORK - Orange County, Calif., District Attorney Tony Rackauckas should not be granted relief from a stay in the General Motors Corp. (Old GM) bankruptcy proceedings in order to seek remand of his suit against the automaker to California state court, General Motors LLC (New GM) argues in an Aug. 29...

Mealey's Bankruptcy - Michigan Panel Says Insolvent Insurer's Officers Are Not Eligible For Severance

LANSING, Mich. - In an unpublished opinion, a Michigan appeals panel on Sept. 9 affirmed a trial court ruling and held that certain former directors and officers of an insolvent insurer are not entitled to severance benefits because they all left their jobs after the trial court issued an order placing...