Legal Opinion
In the Matter of Forty-Eight Insulations, Incorporated, Debtor. Appeal of Maritime Asbestos 1
Court of Appeals for the Seventh Circuit
Decided June 9, 1997No. 96-3406PublishedCited by 88 opinions
1Opinion of the Court
ESCHBACH, Circuit Judge.
After years of producing asbestos-containing products, Forty-Eight Insulations, Inc. (“Debtor” or “Forty-Eight”) began reparations by using the proceeds of its Chapter 11 liquidation to fund a trust created to pay asbestos-related property damage and personal injury claims. Appellants, the Maritime Asbestos Claimants (“the Claimants”) assert a right to these funds for alleged personal injury related to the use of Debtor’s products in the maritime industry. As part of the claims processing procedure, Debtor’s Trustee, Thomas J. Allison, disallowed the appellants’ claims…
2Cases cited27 opinions
- Board of Regents of State Colleges v. RothSupreme Court of the United States · 1972
- Cohen v. Beneficial Industrial Loan Corp.Supreme Court of the United States · 1949
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- Logan v. Zimmerman Brush Co.Supreme Court of the United States · 1982
- Carson v. American Brands, Inc.Supreme Court of the United States · 1981
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3Cited by88 opinions
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