Mealeys

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Mealey's Bankruptcy - Kaiser Gypsum Debtors Settle Dispute Over Cleanup Costs At Superfund Site
Posted on 19 Sep 2019 by Mealeys

CHARLOTTE, N.C. - A North Carolina federal bankruptcy judge on Sept. 16 approved a settlement under which the United States will have more than $4 million in allowed claims in the joint Chapter 11 case of Kaiser Gypsum Co. Inc. and Hanson Permanente Cement... Read More

Mealey's Bankruptcy - Imerys Debtors Say More Time Needed To Map Their Reorganization
Posted on 6 Sep 2019 by Mealeys

WILMINGTON, Del. - Chapter 11 debtor Imerys Talc America Inc. and affiliates need more time to propose a plan of reorganization, and cutting short their exclusive right to file a plan would "certainly undermine the Debtors' efforts to successfully... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - Thorpe Trust Says Indemnification Row Meets Interlocutory Appeal Standards
Posted on 23 Aug 2019 by Mealeys

NEW YORK - A dispute between the battling Thorpe Insulation and Johns-Manville asbestos trusts over indemnification for the payment of claims is ripe for interlocutory review because a bankruptcy court's interpretation of trust documents presents... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - 3rd Circuit Upholds Limiting Access To Asbestos Trust Information
Posted on 20 Aug 2019 by Mealeys

PHILADELPHIA - The Third Circuit U.S. Court of Appeals on Aug. 16 affirmed the denial of a request by Ford Motor Co. and Honeywell International Inc. to have "full access" to claimants' information from nine asbestos bankruptcy trusts data... Read More

Mealey's Bankruptcy - Bankruptcy Judge Sets Bar Date For Non-Talc Claims Against Imerys
Posted on 29 Jul 2019 by Mealeys

WILMINGTON, Del. - Those holding claims other than asbestos talc claims against Chapter 11 debtor Imerys Talc America Inc. have until Oct. 15 to file proofs of claim after a Delaware federal bankruptcy judge on July 25 approved a request by the company... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - Insys Bankruptcy Judge Won't Create Public Entity Committee
Posted on 25 Jul 2019 by Mealeys

WILMINGTON, Del. - A Delaware federal bankruptcy court judge on July 24 denied a motion by four cities and counties to create an official committee of public entities in the Insys Therapeutics Inc. Chapter 11 bankruptcy proceeding (In Re: Insys Therapeutics... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - Johnson & Johnson Loses Bid To Transfer State Asbestos Cases To Federal Court
Posted on 22 Jul 2019 by Mealeys

WILMINGTON, Del. - There is no federal jurisdiction to transfer 2,400 state court talc and asbestos actions against Johnson & Johnson to Delaware federal court based on the Chapter 11 filing of its main talc supplier, Imerys Talc America Inc., and... Read More

Mealey's Bankruptcy - Bankruptcy Judge Sends Duro Dyne's Plan To District Court For Confirmation
Posted on 19 Jul 2019 by Mealeys

TRENTON, N.J. - The plan of reorganization for Chapter 11 asbestos debtor Duro Dyne National Corp. is in the hands of a New Jersey federal court after a bankruptcy judge on July 16 sent the district court proposed findings of fact and conclusions of law... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - Fraser's Insurer Appeals Negative Ruling In Row Over Contribution Claims
Posted on 19 Jul 2019 by Mealeys

TACOMA, Wash. - An insurer of Chapter 11 asbestos debtor Fraser's Boiler Service Inc. on July 17 appealed to federal district court a bankruptcy court's denial of its bid to vacate a stipulated order it entered into with the debtor's settling... Read More

Mealey's Bankruptcy - 9th Circuit Upholds Dismissal Of ASARCO's Contribution Claim For Site Cleanup
Posted on 18 Jul 2019 by Mealeys

SEATTLE - A Ninth Circuit U.S. Court of Appeals panel on July 17 upheld a federal judge in Idaho's ruling that American Smelting and Refining Co. (ASARCO) could not seek contribution under the Comprehensive Environmental Response, Compensation, and... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - Imerys' Insurers Denied Relief From Stay To Continue California Coverage Suit
Posted on 2 Jul 2019 by Mealeys

WILMINGTON, Del. - Excess insurers of Chapter 11 debtor Imerys Talc America Inc. will have to wait for the outcome of an adversary proceeding in Delaware federal bankruptcy court to find out what coverage is available for asbestos claims under policies... Read More

Mealey's Bankruptcy - Fraser's Insurers Battle Over Reopening State Court Contribution Action
Posted on 24 Jun 2019 by Mealeys

TACOMA, Wash. - A group of insurers of Chapter 11 asbestos debtor Fraser's Boiler Service Inc. who are awaiting a decision from the Ninth Circuit U.S. Court of Appeals on whether their settlement with the debtor is valid on June 19 objected to a bid... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - U.S. Trustee Objects To Latest Version Of Duro Dyne's Plan
Posted on 17 Jun 2019 by Mealeys

TRENTON, N.J. - The newly revised plan of reorganization for Chapter 11 asbestos debtor Duro Dyne National Corp. still cannot be confirmed because the company failed to modify the plan as a New Jersey federal bankruptcy judge directed, the U.S. trustee... Read More

Mealey's Bankruptcy - Judge Rejects J&J's Bankruptcy Logic, Remands 2-Year-Old Asbestos-Talc Case
Posted on 11 Jun 2019 by Mealeys

BOSTON - A federal judge in Massachusetts on June 5 said she "strongly questions" whether an asbestos-talc case against Johnson & Johnson more than remotely relates to its talc-supplier's bankruptcy and concluded that equity issues,... Read More

Tags: Bankruptcy

Mealey's Bankruptcy - Federal Judge In New York Remands J&J Asbestos-Talc Cases
Posted on 7 Jun 2019 by Mealeys

NEW YORK - Nothing in a talc supplier's bankruptcy warrants keeping 27 asbestos-talc cases against Johnson & Johnson in federal court, a judge in New York said in remanding the actions June 4 (In re: Various removed state court actions against... Read More

Tags: Bankruptcy