In re Global Indus. Techs. Inc.

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
On remand, bankruptcy court recommended that confirmation of plan proposing creation of asbestos and silica trust be affirmed.
Procedural posture: 
Debtors, a technologies corporation and affiliated businesses, declared chapter 11 bankruptcy and proposed a plan that reorganized their businesses and established trusts to pay personal injury claims related to the manufacture and sale of asbestos and silica-related products. Following remand by the U.S. Court of Appeals for the Third Circuit, the bankruptcy court held hearings on the debtors' plan.
Issue: 
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Commercial case opionion summary, case decided on February 13,2013, LexisNexis #0313-035