Wisconsin Court Finds Potential Fraudulent Sale, Reinstates Asbestos Case

(July 14, 2016, 12:52 PM EDT) -- WAUSAU, Wis. — Allegations of an insider sale that left the seller insolvent support the conclusion that the transaction was done to avoid asbestos liabilities, a Wisconsin appeals court held in reversing summary judgment on June 23 (Penny L. Springer v. Nohl Electric Products Corp., et al., No. 2010CV622, Wis. App., Dist. IV; 2016 Wisc. App. LEXIS 383).

In 2010, Penny Springer filed suit in the Jefferson County, Wis., Circuit Court after the death of her husband, who allegedly died from mesothelioma. In addition to others,...
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