LexisNexis® Legal Newsroom
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...

Delaware Federal Judge Grants Debtor Access To Asbestos Claimant Information

WILMINGTON, Del. - (Mealey's) A Delaware federal judge on March 1 ruled that Chapter 11 debtor Garlock Sealing Technologies LLC can obtain documents filed by asbestos claimants' attorneys in nine other asbestos-related bankruptcy cases, finding that a bankruptcy judge erred and abused her discretion...