Legal Opinion

Lippe v. Bairnco Corp.

District Court, S.D. New York

Decided January 28, 2003No. 96 Civ. 7600(DC)PublishedCited by 64 opinions

1Opinion of the Court

OPINION

CHIN, District Judge.

In this case, plaintiffs contend that in the 1980s, as Keene Corporation (“Keene”) became the subject of a rapidly increasing number of asbestos claims, it engaged in a series of fraudulent conveyances intended to place hundreds of millions of dollars in assets beyond the reach of claimants. In 1981, Keene formed a holding company, Bairnco Corporation (“Bairnco”), and eventually Keene itself became a wholly-owned subsidiary of Bairnco. From 1983 through 1989, Keene transferred certain of its profitable businesses or divisions to newly created Bairnco subsidiaries.…

2Cases cited29 opinions

  1. Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
  2. Kumho Tire Co. v. CarmichaelSupreme Court of the United States · 1999
  3. General Electric Co. v. JoinerSupreme Court of the United States · 1997
  4. Bourjaily v. United StatesSupreme Court of the United States · 1987
  5. Joyce Bickerstaff v. Vassar CollegeCourt of Appeals for the Second Circuit · 1999

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3Cited by64 opinions

  1. Atwood v. Chase Manhattan Mortgage Co. (In Re Atwood)United States Bankruptcy Appellate Panel for the Ninth Circuit · 2003
  2. In Re Rezulin Products Liability LitigationDistrict Court, S.D. New York · 2004
  3. Highland Capital Management, L.P. v. SchneiderDistrict Court, S.D. New York · 2005
  4. Lippe v. Bairnco Corp.District Court, S.D. New York · 2003
  5. Lippe v. Bairnco Corp.Court of Appeals for the Second Circuit · 2004

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