Lippe v. Bairnco Corp.
Court of Appeals for the Second Circuit
1Opinion of the Court
AMENDED SUMMARY ORDER
UPON DUE CONSIDERATION, IT IS HEREBY ORDERED that the judgment of the District Court be AFFIRMED.
Familiarity is assumed as to the facts, the procedural context, and the specification of appellate issues.
Throughout the 1970s, Keene Corporation (“Keene”) was a conglomerate that owned, among other things, an insulation business that once manufactured and sold asbestos-containing products. Between *2771981 and 1988, Keene engaged in a corporate restructuring in which it first created appellee-defendant Bairnco Corporation (“Bairnco”), and, through a “drop down” merger, became…
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