Settlement Talks Over Georgia-Pacific Restructuring Claims Fail, Mediator Says

(May 19, 2020, 8:43 AM EDT) -- CHARLOTTE, N.C. — Deciding questions over the Georgia-Pacific corporate restructuring that led to a new affiliate holding the bag for the company’s asbestos claims and whether the affiliate can now reorganize in the Chapter 11 process to forever resolve the claims is apparently in the hands of a North Carolina federal bankruptcy judge after a mediator on May 5 checked the box for “Impasse” in his report following recent settlement conferences (In re Bestwall LLC, No. 17-31795, W.D. N.C. Bkcy.)....