Michegan State University v. Asbestos Settlement Trust

This appeal arises out of a bankruptcy court proceeding involving the Asbestos Settlement Trust (“Trust”), which was created in bankruptcy court in 1996 to pay asbestos mass tort claims for both bodily injury and property damage against Celo-tex Corporation and Carey Canada, Inc. Several educational institutions, including Michigan State University, Prince George’s College, Rochester Institute of Technology, The University of Cincinnati, Fairfield University, and Claremont McKenna College (collectively, the “Colleges”) filed property damage claims against the Trust. The claims of the Colleges…