Mealey's Asbestos Bankruptcy

  • April 19, 2019

    Couple Allowed To Bypass Stay So They Can Dismiss Debtor From State Case

    WILMINGTON, Del. — A Delaware federal bankruptcy judge on April 17 lifted the automatic stay in the Chapter 11 case of Imerys Talc America Inc. to allow a couple to drop their claims against the debtor in a state court action so they can pursue claims against nonbankrupt defendants (In re:  Imerys Talc America, Inc., et al., No. 1:19-bk-10289, D. Del. Bkcy.).

  • April 17, 2019

    Duro Dyne Parties Submit Proposed Findings On Reorganization Plan

    TRENTON, N.J. — Any remaining objections to the plan of reorganization for Chapter 11 debtor Duro Dyne National Corp. should be overruled, and the plan should be confirmed, the debtor, the asbestos claimants’ committee and the embattled future claimants’ representative (FCR) tell a New Jersey federal bankruptcy court in April 15 proposed findings of fact and conclusions of law (In re:  Duro Dyne National Corp., et al., No. 18-27963, D. N.J. Bkcy.).

  • April 12, 2019

    U.S. Trustee Challenges Talc Supplier’s Choice For Future Claimants’ Rep

    WILMINGTON, Del. — A longtime advocate for future asbestos disease sufferers in corporate bankruptcies was hit April 10 with another challenge by the U.S. Trustee’s Office to his proposed appointment to the role again, with the acting trustee filing an objection in the Delaware bankruptcy court Chapter 11 case of Imerys Talc America Inc. (In re:  Imerys Talc America, Inc., et al., No. 1:19-bk-10289, D. Del. Bkcy.).

  • April 09, 2019

    W.R. Grace Workers’ Comp Insurer Says It Owed No Duty To Prevent Asbestos Exposures

    HELENA, Mont. — A workers’ compensation insurer’s discussions with its insureds did not create a duty to prevent an employee’s exposure to asbestos, a W.R. Grace & Co. insurer and its amicus curiae tell the Montana Supreme Court in March 21 briefs (Maryland Casualty Co. v. The Asbestos Claims Court, et al., No. OP 19-0051, Mont. Sup.).

  • April 05, 2019

    Fairbanks, Asbestos Committee Go To Bat For Their Candidate For FCR

    ROME, Ga. — Chapter 11 debtor The Fairbanks Co. and the Official Committee of Asbestos Claimants for the case filed supplemental briefs March 26 in support of their candidate for future claimants’ representative (FCR), telling a Georgia federal bankruptcy court that he should be selected over candidates proposed by the U.S. Trustee’s Office because he is more qualified (In re The Fairbanks Company, No. 18-41768, N.D. Ga. Bkcy.).

  • April 02, 2019

    U.S. Trustee’s Appeal Of FCR’s Appointment Should Be Tossed, Debtor Says

    TRENTON, N.J. — The U.S. Trustee’s Office’s appeal of the appointment of a future claimants’ representative (FCR) for asbestos claimants in Duro Dyne National Corp.’s Chapter 11 case should be rejected on procedural grounds and because it lacks any merit, the debtor, Asbestos Claimants Committee and FCR say in a March 29 opposition brief in New Jersey federal court (Andrew R. Vara v. Duro Dyne National Corp., et al., No. 3:18-cv-15563, D. N.J.).

  • March 27, 2019

    Judge Grants Stay Relief To Use Imerys Insurance Pending Adversary Case Decision

    WILMINGTON, Del. — A Delaware federal bankruptcy judge on March 26 ruled that affiliates of Chapter 11 debtor Imerys Talc America Inc. can tap into insurance coverage to defend against asbestos claims regardless of Imerys’ bankruptcy stay, on the condition that they win an adversary action filed by the debtor to keep the stay intact (In re:  Imerys Talc America, Inc., et al., No. 1:19-bk-10289, D. Del. Bkcy.).

  • March 26, 2019

    Most Claims Against W.R. Grace Insurer Filed On Time, Judge Finds

    HELENA, Mont. — Most negligence, bad faith and wrongful death claims filed by 29 Montana claimants against an insurer of former Chapter 11 debtor W.R. Grace & Co. survive the insurer’s dismissal bid under the state’s statute of limitations, a federal judge in the state ruled March 22 (Billie J. Schull, et al. v. Maryland Casualty Company, No. 6:17-cv-76, D. Mont., 2019 U.S. Dist. LEXIS 48099).

  • March 21, 2019

    Montana Claimants Say They Have Valid Claims Against W.R. Grace Insurers

    WILMINGTON, Del. — Negligence claims leveled by asbestos plaintiffs in Montana against insurers of former Chapter 11 debtor W.R. Grace & Co. are not enjoined by W.R. Grace’s bankruptcy injunction because they do not meet the requirements for derivative claims, the plaintiffs argue in a March 6 brief on remand in Delaware federal bankruptcy court (Continental Casualty Co., et al. v. Jeremy B. Carr, et al., No. 15-50766, D. Del. Bkcy.).

  • March 20, 2019

    Asbestos Creditors Take Battle For Future Claimants’ Rights To 3rd Circuit

    WILMINGTON, Del. — Asbestos claimants have asked the Third Circuit U.S. Court of Appeals to decide the validity of their challenge to the constitutionality of allowing former Chapter 11 debtor Energy Future Holdings Corp. (EFH) to discharge claims of future but yet unknown disease sufferers, with their opening arguments due next month, according to a March 18 scheduling order (In re:  Energy Future Holdings, et al., No. 19-1430, 3rd Cir.).

  • March 19, 2019

    Kaiser Gypsum Debtors Settle Dispute Over Cleanup Costs At Oregon Plant

    CHARLOTTE, N.C. — A North Carolina federal bankruptcy judge on March 15 approved a settlement under which former Chapter 11 debtor Armstrong World Industries Inc. will pay $1 million to current debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. for cleanup cost recovery for a polluted Oregon manufacturing site (In re Kaiser Gypsum Company, Inc., et al., No. 16-31602, W.D. N.C. Bkcy.).

  • March 19, 2019

    Consent Order Resolves State Court Asbestos Suit Against Johns-Manville Successor

    NEW YORK — The successor to the PVC pipe business of former Chapter 11 debtor Johns-Manville Corp. agreed in a Feb. 21 consent order to drop its bid in New York federal bankruptcy court for sanctions against state court asbestos plaintiffs for suing the company in violation of the bankruptcy protections implemented when it bought the business (In re Johns-Manville Corporation, et al., No. 82-11656, S.D. N.Y. Bkcy.).

  • March 15, 2019

    Bankruptcy Judge Selects Debtor’s Candidate To Represent Future Asbestos Claimants

    WILMINGTON, Del. — A Delaware federal bankruptcy judge on March 13 declined a request by the U.S. trustee to pick one of his candidates for the future claimants’ representative (FCR) in the Chapter 11 case of Maremont Corp. and instead appointed the debtor’s choice for the position (In re:  Maremont Corporation, et al., No. 19-10118, D. Del. Bkcy.).

  • March 15, 2019

    Bestwall Asbestos Committee To Challenge Denial Of Its Dismissal Motion

    CHARLOTTE, N.C. — With an appeal of the recent denial of its bid to dismiss the Chapter 11 case of Bestwall LLC pending, the Official Committee of Asbestos Claimants on March 14 said in a federal bankruptcy court filing that it does not oppose giving the debtor more time to file a plan of reorganization (In re Bestwall LLC, No. 17-31795, W.D. N.C. Bkcy.).

  • March 12, 2019

    Judge Reverses $11 Million Settlement Between Boiler Company, Asbestos Insurers

    TACOMA, Wash. — A Washington federal bankruptcy court erred in approving an $11 million settlement between Chapter 11 debtor Fraser’s Boiler Service Inc. and asbestos insurers because the deal fails to protect the contribution claims of nonsettling insurers, a federal judge ruled March 8 in reversing the settlement approval (In re:  Fraser’s Boiler Service, Inc., Nos. 3:18-cv-5637 and 3:18-cv-05638, W.D. Wash., 2019 U.S. Dist. LEXIS 37840).

  • March 08, 2019

    Imerys Sues To Stop Affiliates From Using Insurance For Asbestos Claims

    WILMINGTON, Del. — New Chapter 11 debtor Imerys Talc America Inc. filed an adversary complaint March 7 in Delaware federal bankruptcy court seeking to snuff an attempt by two affiliated companies to tap into insurance coverage for asbestos personal injury claims (In re:  Imerys Talc America, Inc., et al., No. 1:19-bk-10289, D. Del. Bkcy.).

  • March 06, 2019

    Workers’ Comp Insurers Want Voice In Montana Failure-To-Warn Asbestos Case

    HELENA, Mont. — Montana’s top court on Feb. 19 agreed to consider whether a workers’ compensation insurer can be held liable for failing to warn W.R. Grace Co. employees about the dangers of asbestos.  Two insurers seeking to escape similar liability on March 5 asked the court for permission to file amicus curiae briefs, saying that any ruling would likely impact them (Maryland Casualty Co. v. The Asbestos Claims Court, et al., No. OP 19-0051, Mont. Sup.).

  • March 06, 2019

    U.S. Trustee Says Maremont’s Plan Cannot Be Approved Without Fraud Protections

    WILMINGTON, Del. — The reorganization plan of new Chapter 11 debtor Maremont Corp. cannot be confirmed because the procedures for distributing asbestos trust funds to claimants open the door to fraud and abuse, the U.S. trustee argues in his March 4 objection to the plan in Delaware federal bankruptcy court (In re:  Maremont Corporation, et al., No. 19-10118, D. Del. Bkcy.).

  • March 04, 2019

    Massachusetts Top Court Says Statute Of Repose Bars Asbestos Cases

    BOSTON — The state Legislature provided an unequivocal six-year statute of repose applicable to asbestos claims, and the Legislature must address any resulting unfairness, the Massachusetts Supreme Judicial Court held March 1 in answering a certified question (June Stearns, et al. v. Metropolitan Life Insurance Co., et al., No. SJC-12544, Mass. Sup. Jud.).

  • March 04, 2019

    Fraser’s Seeks To Push Back Confirmation Hearing, Opposes Expert Testimony

    TACOMA, Wash. — Chapter 11 debtor Fraser’s Boiler Service Inc. on Feb. 21 asked a Washington federal bankruptcy court to postpone the confirmation hearing for its contested plan of reorganization so it can continue to negotiate with insurers on their objections to the plan (In re:  Fraser’s Boiler Service, Inc., No. 18-41245, W.D. Wash. Bkcy.).

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