Mealey's Asbestos Bankruptcy

  • 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.).

  • March 01, 2019

    Judge: Exclusion Of Unreliable Asbestos Causation Opinion Dooms Case

    BOULDER, Colo. — An expert’s handful of hours researching asbestos with little to no information about the plaintiff’s work or exposures renders the testimony unreliable, a federal judge in Colorado held in excluding it and granting a railroad summary judgment on Feb. 21 (Roddy York v. BNSF Railway Co., No. 17-1088, D. Colo., 2019 U.S. Dist. LEXIS 27644).

  • March 01, 2019

    Duro Dyne, Asbestos Claimants Back Plan, Section 524(g) Trust

    TRENTON, N.J. — Chapter 11 debtor Duro Dyne National Corp., the asbestos claimants’ committee and the embattled future claimants’ representative (FCR) say in a Feb. 26 memorandum that the debtor’s reorganization plan meets all the requirements for confirmation, despite objections to the plan by insurers, a labor union and the U.S. trustee (In re:  Duro Dyne National Corp., et al., No. 18-27963, D. N.J. Bkcy.).

  • March 01, 2019

    Fairbanks’ FCR Candidate Highlights Lack Of Conflicts In New Declaration

    ROME, Ga. — The asbestos future claimants’ representative (FCR) candidate of Chapter 11 debtor The Fairbanks Co. filed a supplemental declaration Feb. 19 in Georgia federal bankruptcy court on potential conflicts of interest after the court held a hearing on competing motions to name an FCR for the case (In re The Fairbanks Company, No. 18-41768, N.D. Ga. Bkcy.).

  • February 25, 2019

    New York Top Court Says Jones Act Settlement Doesn’t Preclude Mesothelioma Claim

    NEW YORK — A 1997 settlement for a man’s nonmalignant asbestos disease does not preclude his subsequent action seeking to recover for mesothelioma, a divided New York Court of Appeals held Feb. 21 (In re:  New York City Asbestos Litigation, Anne M. South, etc. v. Chevron Corp., etc., et al., No. APL-2017-00252, N.Y. App., 2019 N.Y. LEXIS 267).

  • February 25, 2019

    U.S. Trustee Names 4 Candidates For FCR In Maremont Bankruptcy

    WILMINGTON, Del. — The U.S. trustee for the new Chapter 11 case of Maremont Corp. asked a Delaware federal bankruptcy court on Feb. 20 to choose a future claimants’ representative (FCR) from a list of four candidates he submitted, three of which are the same candidates proposed by the trustee in a Georgia asbestos bankruptcy case (In re:  Maremont Corporation, et al., No. 19-10118, D. Del. Bkcy.).

  • February 21, 2019

    New York Justice: No Evidence Restaurant Companies Performed De Facto Merger

    NEW YORK — No evidence suggests that an all-cash purchase of a restaurant equipment company’s assets constituted a de facto merger of the companies, a New York appeals court held Feb. 19 in reversing a summary judgment ruling in favor of an asbestos plaintiff (Eleni Dritsas, etc., et al. v. Amchem Products Inc., et al., No. 8430 190276/15, N.Y. Sup., App. Div., 1st Dept.).

  • February 21, 2019

    Debtors Battle Oregon Agency Over Cleanup Costs, Though Settlement Eyed

    CHARLOTTE, N.C. — A North Carolina federal bankruptcy court erred in finding that Chapter 11 debtors Kaiser Gypsum Co. Inc. and Hanson Permanente Cement Inc. are not protected by the automatic stay from environmental cleanup cost state court settlement judgments, the debtors argue Feb. 4 in their opening appeal brief in federal court (Kaiser Gypsum Company, Inc., et al. v. Oregon Department of Environmental Quality, No. 3:18-cv-507, W.D. N.C.).

  • February 20, 2019

    Johns-Manville Trust, Trustees Suggest Replacement For Representative Who Resigned

    NEW YORK — The future claimants’ representative (FCR) in the landmark asbestos bankruptcy case of Johns-Manville Corp. has retired after 29 years of service, and now his longtime colleague should replace him, according to a letter filed in New York federal bankruptcy court Feb. 5 by the Manville Personal Injury Settlement Trust (In re Johns-Manville Corporation, et al., No. 82-11656, S.D. N.Y. Bkcy.).

  • February 19, 2019

    Johns-Manville Successor, Asbestos Claimants Resolve State Court Allegations

    NEW YORK — The successor to the PVC pipe business of former Chapter 11 debtor Johns-Manville Corp. on Feb. 11 said it has agreed 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.).

  • February 15, 2019

    Government Continues Challenges To FCRs, This Time In Maremont Case

    WILMINGTON, Del. — The U.S. trustee for the Chapter 11 case of Maremont Corp. filed an objection Feb. 14 in Delaware federal bankruptcy court to the appointment of the debtor’s chosen future claimants’ representative (FCR), saying the court should accept FCR nominations from all interested parties, as was done recently in another asbestos bankruptcy case (In re:  Maremont Corporation, et al., No. 19-10118, D. Del. Bkcy.).

  • February 15, 2019

    Talc Supplier Hits Chapter 11 Seeking To Shed Increasing Asbestos Liabilities

    WILMINGTON, Del. — Facing mounting asbestos injury litigation while maintaining that its talc product is safe, Johnson & Johnson supplier Imerys Talc America Inc. filed for Chapter 11 protection Feb. 13 in Delaware federal bankruptcy court, seeking to continue its talc mining and distribution business and establish a trust to pay asbestos claims (In re:  Imerys Talc America, Inc., et al., No. 1:19-bk-10289, D. Del. Bkcy.).

  • February 14, 2019

    South Carolina Court: Contractor Wasn’t Employee, $14M Asbestos Verdict Proper

    COLUMBIA, S.C. — A $14 million asbestos damages award stands after the South Carolina Court of Appeals on Feb. 12 found that a contractor could not be considered a statutory employee because the maintenance work he performed differed sufficiently from the polyester fiber manufacturer’s core job, and that neither jury misconduct or prejudice contributed to the verdict (Angela Keene, et al. v. CNA Holdings LLC, No. 2016-000227, S.C. App., 2019 S.C. App. LEXIS 20).

  • February 14, 2019

    Rapid-American Seeks Summary Judgment On 2 Asbestos Coverage Issues

    NEW YORK — Chapter 11 debtor Rapid-American Corp. and asbestos claimant representatives filed two summary judgment motions Feb. 8 in New York federal bankruptcy court in an adversary action seeking to resolve the two remaining issues in a dispute with insurers over coverage for asbestos liability (Rapid-American Corporation, et al. v. Travelers Casualty and Surety Company, et al., No. 15-01095, S.D. N.Y. Bkcy.).

  • February 12, 2019

    Plan Confirmation For Fraser’s Boiler Service Faces Hurdles

    TACOMA, Wash. — The plan of reorganization for Chapter 11 debtor Fraser’s Boiler Service Inc. meets all the requirements in the U.S. Bankruptcy Code for confirmation, the company says in a Feb. 6 preconfirmation hearing statement in Washington federal bankruptcy court, while the U.S. trustee and certain insurers counter in their statements filed the same day that the plan was not filed in good faith and cannot be confirmed (In re:  Fraser’s Boiler Service, Inc., No. 18-41245, W.D. Wash. Bkcy.).

  • February 12, 2019

    U.S. Trustee Names 3 Candidates For FCR In Fairbanks Bankruptcy

    ROME, Ga. — The U.S. trustee for the Chapter 11 case of The Fairbanks Co. on Jan. 31 submitted the names of three candidates for an asbestos future claimants’ representative (FCR), a process originally opposed by the debtor and asbestos committee but now backed by both, according to the trustee’s notice in Georgia federal bankruptcy court (In re The Fairbanks Company, No. 18-41768, N.D. Ga. Bkcy.).

Can't find the article you're looking for? Click here to search the Mealey's Asbestos Bankruptcy archive.