Recent Posts

Bankruptcy Judge Recommends Approval Of W.R. Grace's Reorganization Plan
Posted on 1 Feb 2011 by Emerson Heffner

WILMINGTON, Del. - (Mealey's) A federal bankruptcy judge in Delaware on Jan. 31 resolved the last objections to W.R. Grace & Co.'s Chapter 11 joint plan of reorganization and recommended that the district court approve the plan ( In re: W... Read More

3rd Circuit Upholds Conversion Of Skinner Bankruptcy To Chapter 7
Posted on 26 Jul 2012 by Emerson Heffner

PHILADELPHIA - (Mealey's) A bankruptcy court has the authority to determine at the disclosure statement stage that a Chapter 11 reorganization plan is unconfirmable without first holding a confirmation hearing if it is obvious that the plan is patently... Read More

Supreme Court To Decide If Bankruptcy Lawyers Can Get Fees For Pursuing Bonus Fees
Posted on 3 Oct 2014 by Emerson Heffner

WASHINGTON, D.C. — (Mealey’s) The U.S. Supreme Court on Oct. 2 agreed to decide whether the U.S. Bankruptcy Code gives bankruptcy courts discretion to award lawyers their fees for successfully defending applications for enhanced attorney fees... Read More

Payment Of Attorneys For Defending Fee Requests Debated In Supreme Court
Posted on 25 Feb 2015 by Emerson Heffner

WASHINGTON, D.C. — (Mealey’s) There is no basis in the law for categorically denying payment to lawyers for successfully defending their fee applications in bankruptcy cases, attorney Aaron M. Streett of Texas law firm Baker Botts LLP told... Read More

Bankruptcy Judge Approves Leslie Controls' Plan Of Reorganization
Posted on 28 Oct 2010 by Cheryl Keely

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... Read More

Delaware Federal Judge Grants Debtor Access To Asbestos Claimant Information
Posted on 4 Mar 2013 by Emerson Heffner

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... Read More

Asbestos Bankruptcy Trusts: A 2013 Overview Of Trust Assets, Compensation & Governance
Posted on 11 Dec 2013 by LexisNexis Legal Newsroom Staff

By Marc C. Scarcella and Peter R. Kelso [Editor's Note: Marc C. Scarcella and Peter R. Kelso, Managers at the Washington, DC office of Bates White Economic Consulting. The views of the authors do not reflect the opinions of their firm, their clients... Read More

Federal Judge Affirms Leslie Controls' Reorganization Plan
Posted on 8 Feb 2011 by Emerson Heffner

WILMINGTON, Del. - A Delaware federal judge on Feb. 7 affirmed an amended plan of reorganization in Leslie Controls Inc.'s Chapter 11 bankruptcy case ( In re: Leslie Controls, Inc. , No. 1:11-mc-00013, D. Del.). Judge Jerome B. Simandle issued... Read More

3rd Circuit Says Insurers Have Standing In Dispute Over GIT's Silica-Related Liabilities
Posted on 5 May 2011 by Gina Cappello

PHILADELPHIA - (Mealey's) The Third Circuit U.S. Court of Appeals on May 4 held that insurers have standing to challenge the confirmed Chapter 11 plan of reorganization of Global Industries Technologies Inc. (GIT) ( In re: Global Industrial Technologies... Read More

General Motors' Asbestos Liability Set At $625 Million
Posted on 14 Feb 2011 by Emerson Heffner

NEW YORK -- A New York federal bankruptcy judge approved an agreement on Feb. 14 in General Motors Corp.'s Chapter 11 bankruptcy case that fixes the debtors' aggregate liability for asbestos personal injury claims at $625 million ( In re: Motors... Read More

Bankruptcy Judge Sets Specialty Products' Asbestos Liability At $1.16 Billion
Posted on 21 May 2013 by Emerson Heffner

WILMINGTON, Del. -- (Mealey's) Former joint compound producer Bondex International Inc. and its related holding company Specialty Products Holding Corp. face an estimated $1.16 billion in pending and future asbestos personal injury claims, about double... Read More

Pfizer Faces Asbestos Actions After Supreme Court Declines To Hear Case
Posted on 25 Jun 2013 by Emerson Heffner

WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on June 24 denied a bid for certiorari by Pfizer Inc. of a ruling removing the protection for Pfizer of a bankruptcy injunction barring asbestos personal injury claims entered in the case of a defunct... Read More

W.R. Grace, Insurers Reach $84 Million Settlement
Posted on 11 Jan 2011 by Cheryl Keely

WILMINGTON, Del. - (Mealey's) After a hearing Jan. 10, the bankruptcy judge overseeing W.R. Grace & Co.'s Chapter 11 case in a Delaware bankruptcy court approved an $84 million settlement between the company and a group of insurers to resolve... Read More