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This Wall Won’t Hold: Preventing Foreign Claims on Asbestos Trusts

This Wall Won’t Hold: Preventing Foreign Claims on Asbestos Trusts

August 25, 2025

This Wall Won’t Hold: Preventing Foreign Claims on Asbestos Trusts

By: George Calhoun

Bankruptcy continues as a favored vehicle for the resolution of mass-tort claims, particularly asbestos-based claims.  In two recent cases in Delaware, an often-overlooked issue has raised a red flag concerning the fairness of the trusts proposed in many of these cases.  The plan proponents in those cases proposed asbestos trusts that provided that foreign claimants were not eligible for payment.  It is a foundational principle of U.S. bankruptcy law, however, that the bankruptcy courts do not discriminate against claimants based on the origin of their claims.  The motivation behind these exclusions appears to be a claimant-driven desire to limit competition, but that motivation is incompatible with the Bankruptcy Code.  The result has been, at least in the Imerys talc bankruptcy,…

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The Referral was the Easy Part – Where does Gabbard’s Evidence Lead DOJ?

July 29, 2025

The Referral was the Easy Part – Where does Gabbard’s Evidence Lead DOJ?

By: James Trusty

Americans are used to a considerable level of dirty tricks when it comes to politics. Occasionally, however, a legal line is crossed and a high-level official is either chased out of office, subjected to a criminal prosecution, or both. Ask Richard Nixon, Marvin Mandel, and Bob Menendez. Despite the predictable proclamation from prominent democrats that DNI Director Tulsi Gabbard’s referral is “old news” and “politically…

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Baltimoronic Investigation

July 8, 2025

Baltimoronic Investigation

By: James Trusty

June 24, 2025, may mark the day that the criminal justice system for Baltimore, Maryland finally established its lunacy. If the allegations are correct, an employee of Pretrial Services committed what Maryland officials view as a cardinal sin—he or she let ICE know that there was an illegal alien coming to the office. Armed with that information, ICE showed up at the courthouse, was allowed…

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SCOTUS Rules No Felony for Throwing the Little Ones Overboard

February 27, 2015

SCOTUS Rules No Felony for Throwing the Little Ones Overboard

By: Ifrah Law

This week, the United States Supreme Court resolved some fishy matters on which prosecutors sought to base a federal felony conviction. The case, Yates v. United States, arose from a offshore inspection of a commercial fishing vessel in the Gulf of Mexico. During the inspection, a federal agent found that the ship’s catch contained undersized red grouper, in violation of federal conservation regulations. The agent…

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Court Reins In Prosecutorial Overreach in Insider Trading Cases

February 25, 2015

Court Reins In Prosecutorial Overreach in Insider Trading Cases

By: Ifrah Law

In an effort to reinstate powers stripped from them by the Court of Appeals in U.S. v. Newman and Chiasson, prosecutors have sought a rehearing of the landmark Second Circuit decision which severely curtailed the scope of insider trading cases. The case is one which has already seen a dramatic reversal, so it is perhaps no surprise that prosecutors are hoping for the tide to…

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The Government’s [Subpoena] Power is Not Infinite

February 18, 2015

The Government’s [Subpoena] Power is Not Infinite

By: Ifrah Law

It’s not every day that a federal court likens an Assistant U.S. Attorney’s argument to that “of a grade schooler seeking to avoid detention.” But, in a recent opinion, Judge Emmet G. Sullivan of the D.C. District Court did just that. In so doing, he reminded us that—despite the government’s (admitted) routine abuse of its subpoena power—the privacy rights of inmates matter, and a standard…

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Closing the Loop: The Proposal of New Subcontracting Limitations on Small Businesses

February 5, 2015

Closing the Loop: The Proposal of New Subcontracting Limitations on Small Businesses

By: Nicole Kardell

Many small business government contractors may have to rethink the way they do business. The Small Business Administration issued a proposed rule at the end of December to implement provisions of the National Defense Authorization Act of 2013. The NDAA, which was signed into law in January 2013, requires several significant modifications to the rules for small business concerns, including changes to the Limitations on…

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The World Wide Tax Web: FATCA Data Sharing Goes Online

January 20, 2015

The World Wide Tax Web: FATCA Data Sharing Goes Online

By: Nicole Kardell

The IRS has unveiled a secure web application, the International Data Exchange Service (IDES), for cross-border data sharing. IDES will allow Foreign Financial Institutions (FFIs) and tax authorities from other countries to transmit financial data on U.S. taxpayers’ accounts, via an encrypted pathway, to the IRS. The tool is part of the IRS’s effort to track U.S. taxpayer income globally. It is intended to assist…

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Articles and Presentations by Our Firm Attorneys

This Wall Won’t Hold: Preventing Foreign Claims on Asbestos Trusts

This Wall Won’t Hold: Preventing Foreign Claims on Asbestos Trusts
By: George Calhoun

The Referral was the Easy Part – Where does Gabbard’s Evidence Lead DOJ?

The Referral was the Easy Part – Where does Gabbard’s Evidence Lead DOJ?
By: James Trusty

Baltimoronic Investigation

Baltimoronic Investigation
By: James Trusty

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