GlobalTort

GlobalTort

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

Category Archives: Fraudulent Conveyance

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Fraudulent Conveyance Claims Arising from Shut Down of Company, With Its Lawyers Involved as Investors in Transaction Shutting Down Former Maker of Products Containing Asbestos

Posted in Asbestos, Fraud, Fraudulent Conveyance, Litigation Industry
Another part of the complexity of asbestos litigation lies in the efforts of some to shut down former makers of asbestos containing products, and the work of lawyers and other professionals in those efforts.  A current example arises from a case now on appeal to the Wisconsin Supreme Court. The intermediate appellate opinion in the… Continue Reading

Flintkote Fraudulent Conveyance Contingency Fee

Posted in Asbestos, Fraudulent Conveyance, Litigation Industry
Smart lawyers can generate better outcomes, and “defense firms” can act as plaintiffs.  That’s one of the messages from a May 23, 2016 American Lawyer article about Schiff Hardin’s finances. Some of the firm’s lawyers have spent decades as counsel to Owens-Illinois, the only national insulation maker that has avoided chapter 11 despite use of… Continue Reading

Fraudulent Conveyance Win in Tronox Netted $93 Million for Kirkland & Ellis

Posted in Alternative Fee Structures for Litigation, Fraudulent Conveyance, Litigation Industry
How soon will the US Chamber of Commerce complain about K&E’s $93 million (mainly) contingent fee in the Tronox/Anadarko fraudulent conveyance case? Maybe a short but sweet: Et tu Kirkland? The story behind the story is told in a March 7, 2016 American Lawyer article. The story follows up from AmLaw using the FOIA to… Continue Reading

SCOTUS Takes on Some Aspects of Fraudulent Conveyance and Bankruptcy

Posted in Asbestos, Asbestos Bankruptcy, Fraudulent Conveyance, Litigation Industry
Fraudulent conveyances often are related to existing or impending insolvency, and so of course alleged fraudulent conveyances are often litigated in bankruptcy cases. It is therefore interesting to see SCOTUS take up yet another bankruptcy case, with this one revolving around the meaning of words (“actual fraud” that will define the extent to which a… Continue Reading

Mass Tort Battles Ahead – New Thinking and Arguments, UK Report Endorses Litigation Funding, and Phillip Morris Hires David Bernick from K & E

Posted in Asbestos Bankruptcy, Class Actions/Aggregate Litigation, Fraudulent Conveyance, Medical Monitoring, Securities and Asbestos, Tobacco
I’m setting aside James Hardie and Australia for a few days. News on Friday provides a great springboard for some comments in the same general area of what’s new in mass tort resolution thinking, and some points related to corporate actions to cope with/avoid/limit the corporate damage from mass tort claims._____________________________________________________________________________ How does big tobacco admit it  faces massive global tort warfare… Continue Reading