Prepackaged Asbestos Bankruptcies: Down but Not Out (New York University, Annual Survey of American Law, Volume 63, Issue 4, 2008).

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 lawsuits, the number of which dramatically increased into the 1990's.

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Published In: Bankruptcy Updates, Products Liability Updates, Toxic Torts Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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