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GlobalTort

The Intersection Among Torts, Science, Corporate Law, Insurance & Bankruptcy

Category Archives: Manville

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Travelers is Running Out of Rope in the Important Ongoing Saga from the Manville Bankruptcy

Posted in Asbestos, Asbestos Bankruptcy, Asbestos Trusts, Manville
Due to a Second Circuit ruling yesterday, Travelers is about out of rope in its effort to avoid paying $500 million to asbestos plaintiffs who sued it directly for its role in suppressing information about the full extent of the health hazards of asbestos. The suits arose because Travelers was Manville’s primary insurer while reports… Continue Reading

Updated – Reactions to Travelers Manville Asbstos Bankruptcy Opinion

Posted in Asbestos Bankruptcy, Constitutional Law/Mass Tort Law, Manville
An article here provides a quick comment from Elizabeth Warren and mentions law students who helped Prof. Isacharoff. A Law360 article here includes the following quotes: “Gary Svirsky, a partner in O’Melveny & Myers LLP’s securities litigation practice who has been observing the case, said in an e-mail that the Supreme Court “opted to rule… Continue Reading

NonMalignant Claims Going Back Up If You Judge by the Manville Asbestos Trust Report for Q 1 2009

Posted in Asbestos Bankruptcy, Asbestos Trusts, Manville
Walter Olson ‘s PointofLaw has a June 12 post about Judge Weinstein writing a pessimistic paper about the way courts handle mass tort claims. Judge Weinstein may feel the need to write again after considering the Manville Trust’s quarterly report for the 1st quarter of 2009. The report is available here, and is depressing both… Continue Reading