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Melissa B. Jacoby@mbjacoby.bsky.social |
On Dec 28, Charlotte bankruptcy court ruled that he will not dismiss two so-called two-step asbestos bankruptcies for lack of good faith, encouraged 4th Circuit to revisit and fix the prevailing standard. (Aldrich & Murray, part of Trane).
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Melissa B. Jacoby
@mbjacoby.bsky.social
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Court also warned about limitations of what can be done in chapter 11 in light of #SCOTUS directives in class actions, but that's for another day - far in the future as these cases are going to be stalled until 4th Circuit/SCOTUS provides guidance.
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