New Chapter 11 Bankruptcy - Bestwall LLC

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Bestwall LLC

  • 11/2/17 Recap: Nothing like a big juicy asbestos case. Here, the company filed for bankruptcy to establish an asbestos trust to deal with current and future asbestos claimants on a permanent and equitable basis. It has been dealing with litigation for nearly 40 years - over the course of hundreds of thousands of cases - and because it thinks it will be the target of continued litigation "through at least 2050," it thought it best to file and take advantage of the Bankruptcy Code's scheme for dealing with asbestos-related claims. 
  • Jurisdiction: W.D. of North Carolina (Judge Beyer) 
  • Company Professionals:
    • Legal: Jones Day (Gregory Gordon, Daniel Prieto, Jeffrey Ellman, Amanda Rush, Brad Erens) & (local) Robinson Bradshaw & Hinson PA (Garland Cassada, David Schilli, Andrew Tarr)
    • Claims Agent: Donlin Recano & Co. Inc. (*click on company name above for free docket access)
    • Other Parties in Interest:
      • Creditor: Georgia-Pacific LLC
        • Legal: Debevoise & Plimpton (Natasha Labovitz, Mark Goodman)

Updated 11/8/17