Consolidated with Travelers Indemnity Company et al. v. Bailey, et al. (08-295).
asbestos
(Wex page)
Overview
When two or more parties are jointly and severally liable for a tortious act, each party is independently liable for the full extent of the injuries stemming from the tortious act. Thus, if a plaintiff wins a money judgment against the...
(LIIBULLETIN preview (pre-2014))
Oral argument: Mar. 30, 2009
Appealed from: United States Court of Appeals, 2d Circuit (Feb. 15, 2008)
BANKRUPTCY, ASBESTOS, SETTLEMENT TRUSTS, INSURERS, MANVILLEIn 1986, a bankruptcy court issued a landmark confirmation order that...