Newsletter RSS

Mealey's Asbestos Bankruptcy

  • January 20, 2023

    South Carolina Top Court To Review Ruling Upping Asbestos Verdict To Nearly $2M

    SPARTANBURG, S.C. — The South Carolina Supreme Court agreed to take a look at whether a trial court erred in increasing an asbestos award from $300,000 to almost $2 million and in calculating setoffs based on plaintiffs’ allocation of proceeds.

  • January 19, 2023

    Justice Department Announces New Director For U.S. Trustee Program

    WASHINGTON, D.C. — The U.S. Department of Justice (DOJ) announced Jan. 18 that the executive director of the National Consumer Bankruptcy Rights Center has been named as the new director of the DOJ’s U.S. Trustee Program (USTP).

  • January 18, 2023

    Montana Seeks Comments On $18.5M Asbestos Settlement With W.R. Grace

    WILMINGTON, Del. — W.R. Grace & Co. has moved a Delaware federal bankruptcy judge to approve settlement of a claim by the Montana Department of Environmental Quality (MDEQ) for natural resource damages stemming from “Operable Unit 3” (OU3) at the Libby Asbestos Superfund site.

  • January 17, 2023

    Former Officers Of Debtor Nash Seek Defense Costs For Trustee’s Claims

    BRIDGEPORT, Conn. — Three former officers and directors of debtor The Nash Engineering Co. are seeking relief from the automatic stay so one of the company’s insurers can advance them the costs needed to defend claims by the Chapter 7 trustee that they breached their fiduciary duties when negotiating settlements with asbestos insurers.

  • January 13, 2023

    Georgia-Pacific Debtor Refutes Import Of 3M Ruling To Asbestos Injunction Appeal

    RICHMOND, Va. — Asbestos claimants’ representatives in the Chapter 11 case of Georgia-Pacific bankrupt unit Bestwall LLC again fail in their reliance on a nonasbestos bankruptcy ruling in multidistrict litigation against 3M to support their position on appeal in their challenge to a bankruptcy injunction protecting Georgia-Pacific, Bestwall says in Jan. 12 response to a notice of supplemental authority in the Fourth Circuit U.S. Court of Appeals.

  • January 13, 2023

    Hess Debtor’s Asbestos Committee Appeals Denial Of Motion To Dismiss Case

    HOUSTON — The asbestos claimants’ committee for the Chapter 11 case of Hess Corp. affiliate HONX Inc. is seeking an interlocutory appeal in federal district court of a bankruptcy court’s denial of its request to dismiss HONX’s case for being filed in bad faith, according to a Jan. 12 court notice.

  • January 13, 2023

    Montana Judge Affirms $30M Asbestos Punitive Award Against W.R. Grace Insurer

    GREAT FALLS, Mont. — Saying that a workers’ compensation insurer was aware of the dangers of asbestos and knew or intentionally disregarded the fact that if it didn’t step in, workers at W.R. Grace’s Libby, Mont., vermiculite mine would be exposed with “truly catastrophic” consequences, a Montana judge found a jury’s $30 million punitive damages award appropriate and the conduct sufficient to exceed the state’s $10 million cap.

  • January 12, 2023

    Hess, Debtor HONX Say Attempt To Drop Virgin Islands Asbestos Claims Violates Stay

    HOUSTON — A law firm’s attempt to dismiss hundreds of asbestos personal injury claims against Hess Corp. affiliate and Chapter 11 debtor HONX Inc. pending before courts in the U.S. Virgin Islands is a violation of the bankruptcy stay and an “act of gamesmanship” so the firm can pursue its claims against Hess, the debtor and Hess say in opposition to the firm’s notice of intent to dismiss filed in Texas federal bankruptcy court.

  • January 11, 2023

    J&J Wants Rehearing On California Court’s Expert Admission Ruling

    SACRAMENTO, Calif. — A court erred in affirming admission at trial of expert causation testimony in an asbestos-talc case, and the error was anything but harmless, as there is a reasonable probability of a different outcome had the court excluded opinions on fibrous talc’s role in mesothelioma and exposure extrapolation from testing, two Johnson & Johnson entities argue in a petition for rehearing.

  • January 09, 2023

    Mesothelioma Plaintiff: Totality Of Evidence Warrants Claim Against Employer

    HARTFORD, Conn. — A former employer’s strategy of viewing individual facts in isolation to avoid facing the substantially certain injury that would result from its conduct falls apart when one looks at how it deceived employees and customers about asbestos, a plaintiff told a Connecticut appeals court.

  • January 03, 2023

    Judge Admits Testimony Of Former Montana Senator In Asbestos-Screening Fight

    MISSOULA, Mont. — Former Sen. Max Baucus was timely disclosed as an expert and, to ensure that there is no prejudice to a railway prosecuting a False Claims Act (FCA) suit, it may depose him, but disclosure of a hybrid-expert witness after the close for fact witnesses requires excluding a second expert, a federal judge in Montana said.

  • December 23, 2022

    Jury Awards $40.8M In Asbestos Case Damages, Adds $11.3M In Punitives

    LOS ANGELES — A California judge entered judgment on a $52.1 million verdict after a jury awarded a mesothelioma sufferer and her husband $11.3 million in punitive damages in a combined asbestos-talc and take-home exposure case.

  • December 21, 2022

    Indemnification Row Between Trust, Debtors Settles For $350,000

    CHARLOTTE, N.C. — A defunct boiler manufacturer’s asbestos personal injury trust will pay a bankrupt spinoff of Ingersoll-Rand Co. and Trane U.S. Inc. $350,000 to settle the spinoff’s claim against the trust for more than $25 million in unreimbursed expenses relating to the resolution of asbestos personal injury claims, with the settlement winning approval in North Carolina federal bankruptcy court.

  • December 20, 2022

    J&J Debtor Sues Expert, Claiming Her Asbestos-Talc Study Is Fraudulent

    TRENTON, N.J. — Johnson & Johnson’s bankrupt affiliate LTL Management LLC has sued the occupational disease expert who conducted the landmark study on the connection between asbestos in talcum powder and mesothelioma, asserting that the study is a fraud because the expert knew that some participants were exposed to asbestos by sources other than talc.

  • December 20, 2022

    Discovery Rule Cannot Save Asbestos Injury FELA Claim, Judge Says

    NEW ORLEANS — A man knew either when he settled a prior Federal Employers’ Liability Act toxic tort action involving asbestos or at the very latest when he was diagnosed with colorectal cancer of his claim, and he never explains why it took him six years to file suit, a federal judge in Louisiana said in finding his action untimely.

  • December 20, 2022

    J&J Faults Standing, Size And Scope Of Asbestos-Talc Fraud Class

    TRENTON, N.J. — Johnson & Johnson told a federal judge in New Jersey that it had no duty to preserve evidence stemming from an industrial asbestos-talc case in which it was not named as a defendant and that the proposed class is overly broad and not ascertainable.

  • December 16, 2022

    Mediation Ordered To Resolve Bankruptcies Of Ingersoll-Rand, Trane Units

    CHARLOTTE, N.C. — Debtors Aldrich Pump LLC and Murray Boiler LLC, affiliates Ingersoll-Rand and Trane and representatives for asbestos personal injury claimants will negotiate for a global resolution to the Chapter 11 cases and creation of a post-bankruptcy asbestos trust, with a North Carolina federal bankruptcy judge approving a request to compel mediation.

  • December 16, 2022

    Judge Largely Denies Summary Judgments In Asbestos Screening Fight

    MISSOULA, Mont. — There is no evidence that an asbestos screening company falsely obtained a federal grant related to a Patient Protection and Affordable Care Act (ACA) program intended for Libby, Mont., residents suffering from an asbestos-related disease, but questions remain about whether it falsely submitted information and the extent of the government’s knowledge, a federal judge held in granting summary judgment on the former issue and denying motions on all other issues.

  • December 16, 2022

    New Mexico, Mississippi Granted Direct Appeal Of Injunction Barring J&J Suits

    TRENTON, N.J. — A New Jersey federal bankruptcy judge has allowed New Mexico and Mississippi to appeal directly to the Third Circuit U.S. Court of Appeals an order enjoining their consumer protection lawsuits against Johnson & Johnson (J&J) over its sale of allegedly asbestos-laden talcum powder.

  • December 14, 2022

    Law Firm Says It Will Drop Virgin Islands Asbestos Claims Against Hess Debtor HONX

    HOUSTON — A law firm representing asbestos personal injury claimants filed a notice Dec. 13 in Texas federal bankruptcy court informing the parties in the Chapter 11 case of Hess Corp. affiliate HONX Inc. that it intends to dismiss hundreds of asbestos claims against HONX pending before courts in the U.S. Virgin Islands due to the bankruptcy case.

  • December 13, 2022

    Judge In Asbestos Case Finds Stay Doesn’t Bar Remand, Hess Merger Collusive

    ST. CROIX, V.I. — The failure of a settlement and resulting new litigation precipitated an oil company’s interest in merging its entities, a federal judge in the Virgin Islands said Dec. 12 in finding that a bankruptcy stay does not prevent a ruling on remand and that the merger was a collusive attempt at securing federal jurisdiction.

  • December 12, 2022

    Bankruptcy Judge OKs Honeywell’s $1.32B Buyout Deal With NARCO Asbestos Trust

    PITTSBURGH — A Pennsylvania federal bankruptcy judge approved a buyout settlement agreement under which Honeywell International Inc. will pay $1.32 billion to the asbestos trust of affiliate North American Refractories Co. (NARCO) to bring an end to its commitment to fund the trust, which was created in NARCO’s Chapter 11 case.

  • December 06, 2022

    New York Court Dismisses Causation Appeal In Asbestos-Talc Case

    NEW YORK — A New York appellate court granted a stipulated motion to withdraw an appeal challenging a justice’s conclusion in denying summary judgment to an asbestos-talc defendant company that the evidence created genuine issues of material fact on both specific and general causation and that potential exposure from using tobacco products does not eliminate the potential for other liability

  • December 05, 2022

    Joint Mediation Extended In Imerys Talc, Cyprus Mines Asbestos Talc Bankruptcies

    WILMINGTON, Del. — Mediation aimed at a global resolution to the Chapter 11 asbestos bankruptcy cases of talc mining company Cyprus Mines Corp. and affiliate talc supplier Imerys Talc America Inc. will continue through at least Dec. 31, according to a stipulation by the parties approved by a Delaware federal bankruptcy judge.

  • December 05, 2022

    Judge: Asbestos Defendant Can’t Access Communications With Proposed Receiver

    WILMINGTON, Del. — A Delaware chancery court judge denied a motion seeking to compel production of any communications between a petitioner and a proposed receiver for a dissolved subsidiary of DCo LLC, finding the request to be based on “circular speculation” about an alleged connection between the two and saying the request was likely a “fishing expedition.”

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