Bankruptcy Toxic Torts Products Liability

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Third-Party Protections In Mass Tort Chapter 11 Cases

A defendant facing thousands of mass tort lawsuits in federal and state courts throughout the country often will seek to address the litigation by seeking Chapter 11 relief under the Bankruptcy Code. The Chapter 11 process...more

Historical Tort System Claim Values Cannot Be Reduced By "Nuisance" Settlements and "Implicit Defense Costs" To Determine Present...

Delaware Bankruptcy Judge Judith Fitzgerald in the bankruptcies of Specialty Products Holding Corp. (a/k/a RPM, Inc.) and Bondex International, Inc. rejected the Debtors’ “novel” claim estimation approach that reduced from...more

Prepackaged Asbestos Bankruptcies: Down but Not Out (New York University, Annual Survey of American Law, Volume 63, Issue 4,...

On December 10, 1966 the first asbestos-related lawsuit was filed against eleven asbestos manufacturers, including Johns-Manville, Combustion Engineering, and Owens-Corning. This proved to be just the beginning of many...more

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