[co-author: Madeline Mallo]
In a recent decision, the United States District Court for the Southern District of New York upheld a bankruptcy court order that enjoined a plaintiff holding an asbestos claim from pursuing a state court products liability claim against the successor to Manville Forest Products Corporate (“MFP”). Notably, the Court reaffirmed that a claim relating to prepetition exposure to asbestos is a prepetition claim, even though the injury may not have manifested itself until after the petition date. Rather than being entitled to pursue her claim against MFP’s successor, the plaintiff was relegated to asserting a claim against the Manville Trust – the entity that was established more than 30 years ago to provide a source of recovery for injured persons.
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Mon January 14, 2019 - Southeast Edition #2
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Absolute Auctions & Realty Inc.
Absolute Auctions & Realty Inc. is a full-service online auction company that was founded in 1946. We began serving the auction and appraisal needs of the Hudson Valley, N.Y., and have expanded to serving the auction needs of clients all over the globe. Our clients include municipalities and private sellers selling one item or an entire fleet or estate.
We pride ourselves on our reputation and have dedicated ourselves to the auction method of marketing and promotion. Our professional team is always pursuing new technology and methods to better serve our clients and buyers. Our auctioneers are active members of both the National Auctioneers Association and the NYS Auctioneers Associations, serving as Past Presidents of both and currently on the Foundation board and teaching classes for the NAA.
On Wednesday, February 23, just after 5:00 p.m., Belk, Inc. – a North Carolina-based department store chain – and its affiliates filed voluntary petitions under Chapter 11 of the Bankruptcy Code.