In re G-I Holdings Inc., No. 01-30135; U.S. Bankruptcy Court (DNJ); opinion by Gambardella, U.S.B.J.; filed May 17, 2012. DDS No. 42-6-6572 [27 pp.]
G-I Holdings and ACI Inc., its subsidiary, each filed a voluntary petition for relief under Chapter 11. G-I continued to operate its business as a debtor-in-possession. Claimant New York City Housing Authority (NYCHA) filed a proof of claim for asbestos property damage to housing complexes for the abatement of asbestos-containing materials allegedly manufactured, mined, distributed and sold by G-I or its predecessors in interest. The reorganized debtors filed an objection to the NYCHA claim, and the court issued its opinion granting in part and denying in part the debtors’ objection to the NYCHA claim (Dec. 14, 2010, opinion).
