Are the multi-billion-dollar asbestos bankruptcy trusts operating as efficiently as they should? During HB Litigation Conferences’ Asbestos Bankruptcy: Current Trends & Future Outlook, held in October 2010, the question was addressed by Hon. Randall J. Newsome with the U.S. Bankruptcy Court for the Northern District of California and Hon. Rosemary Gambardella with the U.S. Bankruptcy Court for the District of New Jersey, a panel discussion introduced and guided by the conference’s plaintiff co-chair Kathy Byrne of Cooney & Conway.
In this clip, Judge Newsome comments on the expense and time associated with filing for Chapter 11 bankruptcy protection.
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