New York Housing Agency Seeks Rehearing On Claims Against G-I Holdings

Mealey's (August 4, 2016, 8:25 AM EDT) -- NEW YORK — The New York City Housing Authority (NYCHA) on Aug. 1 asked a Third Circuit U.S. Court of Appeals panel to rehear its recent decision rejecting the authority’s bid to force former Chapter 11 debtor G-I Holdings Inc. to remove asbestos-containing building materials from apartment buildings, saying the Third Circuit should “reaffirm its commitment to carefully balance bankruptcy’s goal of a clean start with environmental law’s goal of protecting public health” (In re: G-I Holdings Inc., f/k/a GAF Corporation, et al. [New York City Housing Authority v. G-I Holdings, Inc.], No. 15-2164, 3rd Cir.; 2016 U.S. App. LEXIS 13108)....