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IN RE JOHNS-MANVILLE CORP.

No. 82 Civ. 8189-CSH, Bankruptcy Nos. 82 B 11656 (BRL) through 82 B 11676 (BRL), Adv. No. 82-6169A.

31 B.R. 965 (1983)

In re JOHNS-MANVILLE CORPORATION, et al., Debtors. COMMERCIAL UNION INSURANCE CO., Plaintiff-Appellant, v. JOHNS-MANVILLE CORPORATION, Johns-Manville Sales Corporation, and Johns-Manville International Corporation, and Keene Corporation, Defendants-Appellees.

United States District Court, S.D. New York.

April 21, 1983.

Attorney(s) appearing for the Case

Palmer & Dodge, Boston, Mass., Otterbourg, Steindler, Houston & Rosen, P.C., New York City, for plaintiff-appellant; Laurence M. Johnson, Gordon L. Doerfer, Steve L. Schreckinger, Victor Bass, Boston, Mass., William M. Silverman, Morton L. Gitter, Gary S. Mayerson, New York City, of counsel.

Davis, Polk & Wardwell, Levin & Weintraub & Crames, New York City, for defendants-appellees Johns-Manville Corporation, et al.; Philip C. Potter, Jr., New York City, of counsel.

Anderson, Russell, Kill & Olick, P.C., New York City, for defendant-appellee Keene Corp.; Arthur S. Olick, Jerold Oshinsky, Irene C. Warshauer, Laurence Y. Solarsh, New York City, of counsel.

MEMORANDUM OPINION AND ORDER

HAIGHT, District Judge:

This much-publicized proceeding under Chapter 11 of the Bankruptcy Code was commenced by Johns-Manville Corporation ("J-M"), at the pertinent times a leading manufacturer of asbestos, and now confronted with many product liability claims. The liability of asbestos manufacturers and their insurers for asbestosis and other product-related disease has generated extensive litigation. Commercial Union Insurance...

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