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In re G-I Holdings, Inc. et al,
In this adversary proceeding for damages for asbestos-related injuries against a subsidiary of the debtor, sound judicial administration, efficiency, and fairness require that the issue of whether liability has flowed to the nonbankrupt subsidiary be resolved before the District Court and, therefore, the motion to withdraw the standing order of reference, which provides the Bankruptcy Court with jurisdiction, is granted with respect to this issue.In re G-I Holdings, Inc., et al,
The motion of the legal representative of present and future asbestos-related demands in this bankruptcy action for authority to intervene as co-plaintiff in a District Court action brought by the committee of asbestos claimants to avoid a stock transfer to the debtor's principal shareholder is granted; the legal representative is "a party in interest" under 11 U.S.C. � 1109(b), and the right to intervene applies beyond the main bankruptcy case; however, it is for the District Court to determine whetherTen Honorable Mentions Over $2.5 Million
Here are the remaining awards of $2.5 million or greater reported by the Law Journal for the 12 months ending Aug. 25, 2003.Detour Delays Ruling on Gun Makers' Verdict
The first jury verdict in the nation against a gun maker for injuries caused by a properly functioning gun will likely remain in limbo for another year, due to a ruling issued by the 2nd U.S. Circuit Court of Appeals Wednesday. The court concluded that the New York Court of Appeals should first answer the question of whether the plaintiffs' negligent marketing theory is cognizable under state law.Cendant Can Sue Accountants Over Shareholder Payments in Fraud Case
The federal judge overseeing the litigation caused by Cendant Corp.'s 1998 stock plunge ruled the company can pursue its suit to recoup any losses caused by Ernst & Young. The decision clears the way for Cendant to try to prove liability and win damages at trial, or seek a settlement with Ernst & Young to recover some of the $3 billion the company paid shareholders to settle a class action fraud case.District Judge Lewis A. Kaplan U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Appearances: Joseph J. Schiavone Jeffrey S. Leonard
U.S. DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK Judge Mukasey Milton H. Pachter, Esq. Megan Lee, Esq. For Plaintiff: Port Authority of New York and N
Tom, J.P., Andrias, Sweeny, McGuire, Kavanagh, JJ. 1480N- 1480NA Founders Insurance Company Limited, Index 600523/07 Petitioner-Respondent, v Everest Nationa
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