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Member Discusses Landmark Asbestos Ruling

North Carolina Lawyers Weekly
February 2014

Litigation Member Mark Nebrig was quoted and pictured in North Carolina Lawyers Weekly for his role as equity holder counsel in the “game-changing” mass tort trial involving Garlock Sealing Technologies.  The article, "Cloud Lifted:  Gasket maker dodges over $1 billion in asbestos liability," published on February 6.

In a January 10, 2014 opinion, Judge George Hodges of the United States Bankruptcy Court for the Western District of North Carolina ruled in favor of Garlock, estimating that its liability for present and future mesothelioma claims is $125 million.  In so ruling, the Court rejected the position of representatives for asbestos claimants that Garlock’s liability exceeds $1 billion.

Nebrig told NCLW that Hodges’ decision eliminated the risk that the company might have to be turned over to its asbestos creditors, and may have a “ripple effect” on other bankruptcy cases.

Other MVA attorneys who were involved in the trial include Bankruptcy Member Hillary Crabtree and Litigation Associate Taylor Stukes.  Robinson Bradshaw & Hinson (RBH) and Schachter Harris LLP, a Dallas trial firm, served as Garlock’s trial co-counsel. Rayburn Cooper & Durham (RCD), which serves as general bankruptcy counsel for Garlock, provided advice and support throughout the trial.