In re G-I HOLDINGS, INC. f/k/a GAF Corporation, et al., Debtors.
United States Bankruptcy Court, D. New Jersey.https://leagle.com/images/logo.png
February 1, 2005.
February 1, 2005.
Attorney(s) appearing for the Case
Riker, Danzig, Scherer, Hyland & Perretti, LLP, by Dennis J. O'Grady, Mark E. Hall, Morristown, NJ, Co-Counsel for the Debtor, G-I Holdings, Inc.
Weil, Gotshal & Manges, LLP, by Martin J. Bienenstock, Kathryn L. Turner, Philip M. Abelson, New York City, Co-Counsel for the Debtor, G-I Holdings, Inc.
Weil, Gotshal & Manges, LLP, by Ralph I. Miller, Debra L. Goldstein, Dallas, TX, Co-Counsel for the Debtor, G-I Holdings, Inc.
Lowenstein Sandler, P.C., by Jeffrey D. Prol, Roseland, NJ, Co-Counsel for the Official Committee of Asbestos Claimants.
Caplin & Drysdale, Chartered, by Trevor W. Swett, III, Max C. Heerman, Washington, DC, Co-Counsel for the Official Committee of Asbestos Claimants.
Saiber, Schlesinger, Satz & Goldstein, L.L.C., by David R. Gross, Newark, NJ, Co-Counsel for C. Judson Hamlin, the Legal Representative of Present and Future Holders of Asbestos-Related Demands.
Keating, Muething & Klekamp, P.L.L., by Kevin E. Irwin, Michael L. Scheier, Daniel J. Donnellon, Cincinnati, OH, Co-Counsel for C. Judson Hamlin, the Legal Representative of Present and Future Holders of Asbestos-Related Demands.
Office of the Attorney General, State of Illinois, by Marilyn A. Kueper, Springfield, IL, Chief, Asbestos Litigation for the State of Illinois.
United States Bankruptcy Court, D. New Jersey.
OPINION
Rosemary Gambardella, Chief Judge.
Presently before the Court in this mass tort bankruptcy case are two independent motions filed by adverse parties proposing divergent methodologies for estimating asbestos personal injury claims pursuant to § 502(c) of the Bankruptcy Code. First is a motion filed by the Debtor, G-I Holdings, Inc. (hereinafter "G-I Holdings"), seeking an order "establishing the method to liquidate its asbestos claims" pursuant...
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