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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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Civil or Criminal Liability: Charging A Payment Processing Case by Coin Toss?

August 17, 2020

Civil or Criminal Liability: Charging A Payment Processing Case by Coin Toss?

By: James Trusty

In the eyes of federal investigators, when is a payment processor considered a benevolent alternative to traditional banks, and when is it viewed as a shady facilitator of all things criminal?  In other words, is the client another Paypal or Venmo, or are we looking at a potential WireCard AG prosecution? We have noticed in recent cases that prosecutors are across the board in their…

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Going…Going…Ghosn

May 22, 2020

Going…Going…Ghosn

By: James Trusty

While much of the focus on the Japanese prosecution of high-profile executive Carlos Ghosn has been on his spectacular private jet escape from Japan while hidden in an instruments case, his prosecution actually raises much more profound issues about white collar criminal prosecution in Japan and in the United States. Ghosn is an indisputably talented executive at the highest reaches of the auto manufacturing and…

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Death by a Thousand Cuts

May 8, 2020

Death by a Thousand Cuts

By: James Trusty

When legal scholars look back at the failed Flynn prosecution, they will not be able to pin the dismissal on a single deficiency or legal principle, but if they are fair they will recognize a small case that was plagued with innumerable flaws. The DOJ Motion to Dismiss, filed in the rarified air of a case where the guilty plea already took place, spends a…

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Videoconferencing to the Rescue

April 1, 2020

Videoconferencing to the Rescue

By: James Trusty

While the recent passage of the “Coronavirus Aid, Relief, and Economic Security (“CARES”) Act is receiving tremendous attention because of its price tag, strategies to keep businesses and families afloat, and its hidden gems for beneficiaries like the Kennedy Center, it also has a component that is important for federal practitioners who handle criminal matters in District Courts around the country.  Federal courts currently show…

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How White Hats Get Dirty

March 19, 2020

How White Hats Get Dirty

By: James Trusty

Historically, undercover operations by law enforcement would run into problematic “loyalty tests,” designed to make sure that the criminal conspirators could trust the “new guy.” Biker gangs would ask this “pledge” to beat someone up or take drugs, knowing law enforcement agencies would likely not let that happen, even in an undercover capacity. Prostitution stings could be compromised by either a John smart enough to…

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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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