Asbestos Bankruptcies Face Setbacks on Two Fronts

The judge, Alfred M. Wolin in Newark, plans to retire at the end of the month, according to his deputy clerk, Gail Hansen. Judge Wolin has overseen the bankruptcies of five companies battling asbestos litigation: Armstrong World Industries, Federal-Mogul, Owens Corning, USG and W. R. Grace. Lawyers said his decision could delay proceedings while a new judge learns the details of the cases.

News Source: NY Times | Published: June 7, 2004 | Read Full Story

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