Thorpe Trust Says Manville Trust Violating Agreement By Not Paying Indemnification

Mealey's (March 13, 2018, 12:12 PM EDT) -- NEW YORK — The Manville Personal Injury Settlement Trust in New York is in breach of a 1994 indemnity agreement among asbestos producer Johns-Manville Corp. and asbestos product distributors, so it should be ordered to pay its share of $170 million the Thorpe Insulation Company Asbestos Settlement Trust in California has paid to claimants, the Thorpe Trust says in a Feb. 15 answer and counterclaim in New York federal bankruptcy court (Manville Personal Injury Settlement Trust v. Thorpe Insulation Company Asbestos Settlement Trust, No. 1:17-ap-1186, S.D. N.Y. Bkcy.)....

Attached Documents

Related Sections