Former Chapter 11 Debtor Seeks Sanctions Over Invalid State Court Asbestos Claims

Mealey's (April 29, 2020, 12:39 PM EDT) -- BALTIMORE — Counsel for plaintiffs who tried to pursue state court asbestos claims against a reorganized company should be sanctioned for failing to conduct due diligence on whether the claims were viable and then continuing to litigate the claims even after learning they were barred by the bankruptcy case, the former debtor argues in April 28 supplemental briefing in Maryland federal bankruptcy court (In re RailWorks Corporation, et al., No. 01-64463, L.K. Comstock & Company, Inc. v. Irene Reibe, et al., Adv. No. 19-00199, D. Md. Bkcy.)....