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Showing 1 post in Estimation.

District Court Certifies Estimation Appeal to the Third Circuit – Highlights Its Limited Role in Estimation Appeals

Specialty Products Holding Corp. v. Official Committee of Asbestos Personal Injury Claimants (In re Specialty Products Holding Corp.), No. 13-1244 (SLR), 2014 WL 545780 (D. Del. Feb. 7, 2014)

On February 7, 2014, Judge Sue L. Robinson of the District Court granted a motion for certification of an order entered by the Bankruptcy Court, estimating liability for present and future asbestos claims asserted against bankruptcy estates, for immediate appeal to the Third Circuit.  In doing so, the District Court highlighted its limited role in estimation appeals, noting that “the Third Circuit precedent gives the bankruptcy courts wide-ranging discretion in making their estimation determinations, leaving the district courts unhelpful at best, impotent at worst, in any attempts to promote the resolution of these complex cases.”  Read More ›