Bankruptcy Nos. 82 B 11656 (BRL)-82 B 11676 (BRL), Civ. A. No. 90-3973.

129 B.R. 710 (1991)

In re JOINT EASTERN AND SOUTHERN DISTRICT ASBESTOS LITIGATION. United States Bankruptcy Court Southern District of New York. In re JOHNS-MANVILLE CORPORATION, et al., Debtors. Bernadine K. FINDLEY, as Executrix of the Estate of Hilliard Findley, Uma Lail Caldwell, as Executrix of the Estate of Odell Caldwell, Edward Lindley, Joseph C. Jones and James William Barnette, Jr., on behalf of themselves, and all others similarly situated as beneficiaries of the Manville Personal Injury Settlement Trust, Plaintiffs, v. Donald M. BLINKEN, Daniel Fogel, Francis H. Hare, Jr., Christian E. Markey, Jr. and John C. Sawhill, solely in their capacity as Trustees, Defendants.

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

June 27, 1991.

Attorney(s) appearing for the Case

Elihu Inselbuch, C. Sanders McNew, Caplin & Drysdale, New York City, Frederick M. Baron, Baron & Budd, Dallas, Tex., Ronald L. Motley, Ness, Motley, Loadholt, Richardson & Poole, Charleston, S.C., Christopher M. Placitella, Wilentz, Goldman & Spitzer, Woodbridge, N.J., Robert B. Steinberg, Rose, Klein & Marias, Los Angeles, Cal., Harry F. Wartnick, Cartwright Slobodin, Bokelman, Borowsky, Wartnick, Moore & Harris, Inc., San Francisco, Cal., for class representatives.

John D. Aldock, William R. Hanlon, Shea & Gardner, Washington, D.C., Andrew T. Berry, McCarter & English, Newark, N.J., Richard C. Binzley, Thompson, Hine & Flony, Cleveland, Ohio, Roger E. Podesta, Anne E. Cohen, Geoffrey Coll, Debevoise & Plimpton, New York City, James J. Higgins, Boyar, Higgins & Hayden, Morristown, N.J., Paul F. Jones, Phillips, Lytle, Hitchcock, Blaine & Huber, Buffalo, N.Y., James Crawford Orr, Wilson, Elser, Moskowitz, Edelman & Dicker, Newark, N.J., Earl L. Scott, Wood, Williams, Rafalsky & Harris, New York City, Katherine M. Steele, Seattle, Wash., for Codefendants.

Leslie Gordon Fagen, Clifford Peterson, Beth Friedman Levine, Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for future claimants.

James Fite, Paul Safchuck, Reverend James Knight, White Lung Ass'n Baltimore, Md., Myles O'Malley, Mike Saviak, Barbara Zeluck, National Asbestos Victims Legal Action Organizing Committee, Newark, N.J., for individual claimants.

Philip L. Graham, Jr., Edward W. Keane, William E. Willis, Sullivan & Cromwell, New York City, for Manville Corp.

David T. Austern, Manville Personal Injury Settlement Trust, Washington, D.C., Theodore Gewertz, Amy R. Wolf, Wachtell, Lipton, Rosen & Katz, New York City, for Manville Personal Injury Settlement Trust.

Edward T. Dangel, III, Boston, Mass., James Gavin, Gavin & Gavin, Haddonfield, N.J., Richard S. Glasser, Glasser & Glasser, Norfolk, Va., Robert R. Hatten, Patten, Wornom & Watkins, Newport News, Va., Thomas W. Henderson, Theodore Goldberg, Robert L. Jennings, Jr., Tybe Brett, Henderson & Goldberg, Pittsburgh, Pa., Timothy J. Hogan, The Offices of Peter G. Angelos, Baltimore, Md., Robert Jacobs, Jacobs & Crumplar, P.A., Wilmington, Del., Steven Kazan, Kazan, McCallain, Edises & Simon, Oakland, Cal., Hal C. Pitkow, Titusville, N.J., Frederick Schenk, Casey, Gerry, Casey, Westbrook, Reed & Hughes, San Diego, Cal., Emil Steck, Jr., Pasadena, Cal., for other beneficiaries.

Mark A. Peterson, Rand Corp., Santa Monica, Cal., Margaret A. Berger, Brooklyn Law School, Brooklyn, N.Y., Court-Appointed Experts.

Leon Silverman, Matthew Gluck, Fried, Frank, Harris, Shriver & Jacobson, New York City, Special Advisor to the Court.

Sidney Auerbach, M.D., New York City, Gregg J. Borri, Boulanger, Finley & Hicks, New York City, D. Jeffrey Campbell, Porzio, Bromberg & Newman, Morristown, N.J., John H. Faricy, Jr., Pustorino, Pederson, Tilton & Parrington, Minneapolis, Minn., Laurence Gold, AFL-CIO Washington, D.C., Bill Golt, Chemical Workers Ass'n of Dupont, H. Peter Haveles, Jr., Cadwalader, Wichersham & Taft, New York City, James J. Higgins, Boyar, Higgins & Hayden, Morristown, N.J., Shepard Hoffman, Baltimore, Md., Alan Kellman, The Jaques Admiralty National Headquarters Detroit, Mich., Robert Lapowsky, Roberta A. Golden, Cohen, Shapiro, Polisher, Shiekman & Cohen, Philadelphia, Pa., for other interested parties.

James W. Whitcomb, Paul F. Jones, General Refractories and Grefco, Inc., Buffalo, N.Y.

BEFORE WEINSTEIN, District Judge, and BURTON R. LIFLAND, Chief Bankruptcy Judge.

WEINSTEIN, District Judge:

                                               TABLE OF CONTENTS

I.     INTRODUCTION .................................................................... 732
II.    HISTORY and PROCEDURAL BACKGROUND ............................................... 734
      A.  Asbestos; Scientific Developments and Knowledge .............................. 734
          1. History of Asbestos Use .............


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