Legal Opinion
Findley v. Trustees of the Manville Personal Injury Settlement Trust
District Court, E.D. New York
Decided December 27, 2002No. Nos. 82 B 11656(BRL) through 82 B 11676(BRL), 90 CV 3973(JBW)PublishedCited by 4 opinions
1Opinion of the Court
MEMORANDUM & ORDER
WEINSTEIN, Senior District Judge and BURTON R. LIFLAND, Bankruptcy Judge.
Table of Contents
I. Introduction.300
II. Facts.301
A. History.301
1. Asbestos Litigation Crisis.301
2. Manville Trust.302
B. Post-1995 Developments.305
1. Proliferation of Asbestos Litigation and Claims.305
2. Functionally Unimpaired Claimants.306
a. Diagnosing Asbestos-Related Disease.308
b. Projecting Future Claims.:.310
e. Compensation Ratios.312
3. Manville Trust. 313
C. Trust Payments to Date.315
III. Law.315
A. Power to Amend the Trust Distribution Process.315
B. Claims by Functionally Unimpaired Claimants.317
IV.…
2Cases cited25 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Amchem Products, Inc. v. WindsorSupreme Court of the United States · 1997
- United States v. Swift & Co.Supreme Court of the United States · 1932
- Rufo v. Inmates of Suffolk County JailSupreme Court of the United States · 1992
- Bates v. State Bar of ArizonaSupreme Court of the United States · 1977
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3Cited by4 opinions
- Choctaw, Inc. v. Campbell-Cherry-HarrisonMississippi Supreme Court · 2007
- In Re Joint East. & South. Dist. Asbestos Litig.District Court, S.D. New York · 2002
- In re Johns-Manville Corp.United States Bankruptcy Court, S.D. New York · 2015
- Barbara Robinson, Individually and as Representative of the Estate of John Robinson v. Crown Cork & Seal Company, Inc., Individually and as Successor to Mundet Cork CorporationTexas Supreme Court · 2010