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

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More Publication of Catholic Priest Sex Abuse Files – On a Comparative Basis, How Can Asbestos Trusts and Bankruptcy Courts Justify The Secrecy They Impose ?

Posted in Transparency in Bankruptcy

Once again, the public domain is expanding to include additional thousands of documents from priest sex abuse cases, and blogs collect documents and related information. These disclosures stand in marked contrast to the increasing secrecy imposed by asbestos bankruptcy trusts and bankruptcy courts over the last few years. The bankruptcy trusts and bankruptcy courts need… Continue Reading

Kudos to Corporate Counsel for Forcing Disclosure of AIG Corporate Monitor Reports

Posted in Transparency in Bankruptcy

Kudos to Corporate Counsel and its lawyers. Its self-laudatory account is below. Good to see media investigation and reporting instead of just repeating spin !    CorpCounsel Wins Release of AIG Corporate Monitor Reports By Sue ReisingerContactAll Articles Corporate Counsel April 17, 2012 Print   Email   Reprints & Permissions   Post a Comment  … Continue Reading

Asbestos Plaintiff’s Lawyers Ask W.R. Grace Bankruptcy Court to Order that Its Findings – on Solvency – Do Not Matter In any Other Forum

Posted in Apportionment of Fault, Asbestos Bankruptcy, Constitutional Law/Mass Tort Law, Mass Tort Bankruptcy, Transparency in Bankruptcy

The W. R. Grace chapter 11 case has produced a striking motion that highlights the too often bizarre and unconstitutional nature of much that happens in mass tort chapter 11 cases. In their motion, available here [Docket # 22543], the Asbestos Creditors Committee and the Futures Representative ask the bankruptcy court, Judge Judith Fitzgerald, to… Continue Reading

New Article Regarding Some Positive Developments in Coordination Between the Tort System and Asbestos Bankruptcy Trusts

Posted in Asbestos Bankruptcy, Asbestos Trusts, Transparency in Bankruptcy

A new article is out regarding problems with asbestos bankruptcy trusts, which are the antithesis of transparency, as previously described here and here. In a prior article last year, three Cozen O’Conner lawyers (they represent insurers) wrote a significant Norton Bankruptcy Journal article detailing the lack of transparency in the asbestos trusts. The authors are… Continue Reading

The Antithesis of Transparency – 90 Day Wait For Public Hearing Transcripts for Chrysler and Other Chapter 11 Cases, Such as Asbestos Bankruptcies

Posted in Asbestos Bankruptcy, Transparency in Bankruptcy

PACER is a great resource, and I am one of the many who are delighted it exists. But the absence of transparency in chapter 11 cases causes me to join with the numerous critics of PACER’s ongoing flaws, many of which are well described and collected by Tim Lee at ars technica in an April… Continue Reading