Wisconsin Court Finds Potential Fraudulent Sale, Reinstates Asbestos Case
Mealey's (June 27, 2016, 12:03 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).
(Opinion available. Document #01-160706-019Z.)
In 2010, Penny Springer filed suit in the Jefferson County, Wis., Circuit Court after the death of her husband, who allegedly died from mesothelioma....