A pitch by asbestos plaintiffs for reconsideration of an appellate ruling that allows Georgia-Pacific to pause their lawsuits through a controversial corporate restructuring has now pitted the U.S. Chamber of Commerce against 20 states and the District of Columbia.
for bankruptcy protection, arguing that it now has obtained the requisite support from talc claimants.) J&J maintains its talc products are safe.attempted a similar strategy to shield the parent company from more than 100,000 lawsuits by veterans who claim hearing loss from earplugs originally sold by a 3M subsidiary. A bankruptcy judge refused to stay the lawsuits against 3M, then, in June,of the subsidiary, Aearo.
Plaintiffs who have challenged these restructurings have raised slightly different arguments, which only adds to the difficulty of understanding these complex issues at the intersection of bankruptcy law and civil procedure. In the 4th Circuit litigation over the Georgia-Pacific spinoff, Bestwall, a committee of asbestos claimants and the representative for future asbestos plaintiffs argued that their claims against the non-bankrupt successor company were not related to the Bestwall bankruptcy.
The 4th Circuit majority rejected both arguments. The court found that lawsuits against new Georgia-Pacific are related to the Bestwall bankruptcy because of indemnity and funding agreements between the companies. It also said that old Georgia-Pacific did not improperly manufacture jurisdiction by splitting into two companies and sending the one bearing asbestos liability into bankruptcy.
Georgia-Pacific has said it stopped producing products containing asbestos back in the 1970s. It argues that through Bestwall's bankruptcy, it can establish a trust to pay valid claims in a timely manner.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ACC District chancellor to serve as interim president of Texas A&M-Central TexasDr. Richard Rhodes has served as Austin Community College Chancellor for 12 years, overseeing the district's growth to 11 campuses.
Read more »
Death row minister on being in the execution chamber: 'It's devastating'The Rev. Jeff Hood told Newsweek about his experience being in the execution chamber while Scott Eizember and Arthur Brown Jr. were put to death this year.
Read more »
ChamberofCommerce.org - Chamber of CommerceA new analysis from says hundreds of thousands of Austin jobs are considered at risk of being disrupted by artificial intelligence
Read more »
Auburn flips 5-star in-state LB Demarcus Riddick away from GeorgiaIn an early statement recruiting win for Hugh Freeze’s new staff, 5-star rated linebacker Demarcus Riddick of Chilton County High School flipped his commitment from Georgia to Auburn at a
Read more »
Senate barrels toward final vote on defense bill, eyeing fight with the HouseThe upper chamber, unlike the House, avoided partisan culture war issues over diversity and abortion.
Read more »
Rudy Giuliani admits to making ‘false’ statements about Georgia election workersHowever, Guiliani, 79, insisted that his statements “did not carry meaning that is defamatory, per se” and that they are “constitutionally protected statements or opinions.”
Read more »