IN RE: W.R. GRACE & CO., et al., Reorganized Debtors
Continental Casualty Company; Transportation Insurance Company, Appellants
v.
Jeremy B. Carr; Julie L. Gifford; Gloria G. Harris; Joyce Lundvall; Edward D. Stefanatz; Fred O. Bache; Jack L. Jensen; Melba C. Weston; Ruby R. Hagner; Kerry L. Beasley; William G. Corbett; Amanda K. Foss; Tammy Sue Lang; William E. Deshazer; Johnny G. Jellesed; Lorraine B. Sichting; Martin H. Krebs; Kenneth B. Neubauer; L. Vinson; Laurie A. Waller; Shirline E. Almeida; Ignacio C. Almeida; Thomas F. Erickson; Russell S. Barnes; Sandra L. Barnes; Phyllis A. Haugen; Dennis L. Welch.
United States Court of Appeals, Third Circuit.https://leagle.com/images/logo.png
Daniel C. Cohn [ARGUED], Murtha Cullina, 99 High Street, 20th Floor, Boston, MA 02110, Taruna Garg , Murtha Cullina, 177 Broad Street, 16th Floor, Stamford, CT 06901, Michael Busenkell , Gellert Scali Busenkell & Brown, LLC, 1201 N. Orange Street, Suite 300, Wilmington, DE 19801, Allan M. McGarvey , McGarvey, Heberling, Sullivan & Lacey, PC, 345 First Avenue East, Kalispell, MT 59901, Counsel for Appellees.
Mark A. Behrens , Shook, Hardy & Bacon LLP, 1800 K Street NW, Suite 1000, Washington, D.C. 20006, Counsel for Amicus American Casualty Insurance Association.
Jeffrey C. Wisler , Connolly Gallagher LLP, 1201 N. Market Street, 20th Floor, Wilmington, DE 19801, Edward J. Longosz, II , Eckert Seamans Cherin & Mellott, LLC, 1717 Pennsylvania Avenue NW, Suite 1200, Washington, DC 20006, Counsel for Amicus Maryland Casualty Company.
Robert M. Horkovich , Anderson Kill, PC, 1251 Avenue of the Americas, New York, NY 10020, Counsel for Amicus WRG Asbestos Personal Injury Trust.
Before: KRAUSE, PHIPPS, and FUENTES, Circuit Judges.
OPINION OF THE COURT
FUENTES, Circuit Judge.
Because of the long latency period of asbestos disease, debtor companies in asbestos-related bankruptcies face a large and uncertain pool of future claimants.1 This raises two related problems: first, debtor companies may not be able to emerge from bankruptcy without...
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