Home -> Law Blog Directory -> Personal Injury Law Blogs -> Asbestos HUB
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense
Find a Local Lawyer
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402
Personal Injury Law
: Asbestos HUBJudge Frees Travelers From Big Payout for Manville Asbestos Creditors ? Bankruptcy Beat ? WSJ
By Tom Lamb
Quoted from http://blogs.wsj.com/bankruptcy/2012/03/05/judge-frees-travelers-from-big-payout-for-manville-asbestos-creditors/
Judge Frees Travelers From Big Payout for Manville Asbestos Creditors
- WSJ – Bankruptcy Beat
- March 5, 2012, 3:35 PM
By Jacqueline Palank
A federal judge recently freed insurer Travelers from obligations to pay out $510 million in long-running litigation over asbestos liabilities in the three-decade-old bankruptcy of Johns Manville Corp.
Under settlements struck nearly a decade ago, Travelers agreed to pay $445 million to individuals who said they were injured after being exposed to asbestos in Manville's insulation and other building products. According to Bloomberg, U.S. District Judge John G. Koeltl last week ruled that Travelers doesn't have to make these payments, or another $65 million in interest, because a condition of the deals wasn't met.
'Because a condition precedent in the settlement agreements was not satisfied, it was error to require Travelers to make the settlement payments,' Koeltl said, referring to the 2011 bankruptcy-court ruling he said was wrong to keep Travelers on the hook.
[Article continues at original source]
Full post as published by Asbestos HUB on March 06, 2012 (boomark / email).
Court upholds settlement in asbestos law
The Supreme Court has agreed to reinstate a roughly $500 million settlement of asbestos lawsuits against the Travelers Companies Inc. Travelers had been named in lawsuits alleging that it tried to hide dangerous health effects of asbestos....
Court upholds settlement in asbestos lawsuits
The Supreme Court on Thursday agreed to let an insurance company settle some asbestos lawsuits for about $500 million in exchange for blocking any future litigation resulting from its long relationship with Johns Manville Corp...
Supreme Court To Consider Bankruptcy Court's Power Due To Asbestos-Related Lawsuits
The Supreme Court has agreed to consider reinstating a $500 million settlement of asbestos-related lawsuits against the Travelers Company Inc.. This settlement would prevent any further lawsuits from being filed against Travelers arising out of the company’s extensive relationship with Johns Manville Corp...
Complex Bankruptcy Case holds Implications for Thousands Injured by Asbestos Poisoning
On Friday, December 12, 2008, the United States Supreme Court heard the case of Travelers Indemnity Company vs. Bailey et al, a complicated bankruptcy case that was originally decided in federal bankruptcy court...
"Court upholds settlement in asbestos lawsuits"
"Court upholds settlement in asbestos lawsuits": The Associated Press has a report that begins, "The Supreme Court on Thursday agreed to let an insurance company settle some asbestos lawsuits for about $500 million in exchange for blocking any future litigation resulting from its long relationship with Johns Manville Corp...
Supreme Court hears bankruptcy court jurisdiction case
[JURIST] The US Supreme Court heard oral arguments Monday in Travelers Indemnity v. Bailey, where the Court will consider whether a bankruptcy court has jurisdiction to approve a third-party injunction provision in a plan of reorganization or related confirmation order...
How to Stop Home Foreclosure
Bankruptcy can Stop Foreclosure
Child Support
Finding the Noncustodial Parent ( Deadbeat Dads )
Bankruptcy Law
A complete prime (pre-2005)
Asbestos and Mesothelioma
Studies have shown that asbestos particles in the air can cause mesothelioma, lung cancer, and lung disease asbestosis, and many former and all new uses of asbestos in the U...
Air Line Bankruptcy
BCI Aircraft Leasing agrees to pay $600,000 settlement related to Delta Air Lines bankruptcy claims.
Bankruptcy Reorganization
Calpine Corp. pays $2.13 million bankruptcy settlement.
Asbestos Mesothelioma Victim Wins Appeal of $20 Million Asbestos Cancer Verdict
Asbestos Mesothelioma Victim Wins Appeal of $20 Million Asbestos Cancer Verdict
Hotel Food Poisoning
Thomson Holiday and JMC-Thomas Cook awards British travelers a £2.5 million personal injury settlement.
Asbestos Lawsuit Against Smithsonian Settled
Asbestos Settlement Reached between Smithsonian and Former Employee
#1 Online Legal Resource
On 08-25 at 15:46PM
Acute perpendicular parking #NYPD #NYFD
On 08-18 at 22:18PM
Parallel parking gone bad. Too much gas UES NYC
On 08-18 at 21:41PM
UES NYC
On 08-18 at 21:25PM
Twitter suspends journalist critical of broadcast partner's coverage on dubious grounds @guyadams #nbcfail #twitterfail
On 07-30 at 17:57PM
Model example of 1st Amendment suppression by the People of New York City's Michael Bloomberg #OWS #NYPD
On 07-12 at 21:07PM
AG Holder lackadaisical on Operation in our Sites domain name seizures & RIAA lobbied free speech suppression @dajaz1
On 06-08 at 22:44PM
Why is the Catholic Church going to court over Obama contraception policy? @NewYorker commentary
On 05-31 at 10:08AM
Monks sue Louisiana for right to sell caskets made from forrest destroyed by Katrina
On 05-31 at 07:47AM
Are the abortion ultrasound laws headed for the Supreme Court?
On 05-15 at 21:52PM
 |
|
Contact Us | About Us | Celebrity Law Blog |
Our Partners | Disclaimer
| Law Blog Directory
| Law Jobs
| Law Tweets
| Oil Spill Video
All original material © 1999-2011 by USLaw.com. All other material, including Blog Directory feed content, are © by their respective copyright holders. |