Copyright

(c) 2016 Jon L Gelman, All Rights Reserved.

Saturday, March 9, 2013

Another Asbestos Company Files for Bankruptcy: Rapid American / Philip Carey Manufacturing Co.

On Friday Rapid-American Corp., successor to asbestos liability of Philip Carey Manufacturing, filed for bankruptcy protection. Philip Carey was established in 1888 and was a long-time manufacturer of insulation products containing asbestos fiber.

Asbestos litigation was initiated in the 1970's for health conditions arising out of the exposure to asbestos products including asbestosis, lung cancer and mesothelioma. 

One of the successor companies was Celotex that had filed for bankruptcy protection previously. The Celotex bankruptcy fell shirt of covering the financial responsibilities of the asbestos litigation claims, and the responsibility fell upon Rapid America.


Rapid American has been a defendant in thousands of lawsuits including Navy veterans who were exposed to asbestos fiber while in service.

In Re Rapid-American Corp., 13-10687, is pending in the US Bankruptcy Court, Southern District of New York (Manhattan).
 ....
Jon L.Gelman of Wayne NJ is the author NJ Workers’ Compensation Law (West-Thompson) and co-author of the national treatise, Modern Workers’ Compensation Law (West-Thompson). For over 4 decades the Law Offices of Jon L. Gelman 1.973.696.7900 jon@gelmans.com have been representing injured workers and their families who have suffered occupational accidents and illnesses.


Read more about "asbestos litigation."

Feb 20, 2013
In response to allegations in the recent Lancet article, IARC in the dock over ties with asbestos industry (The Lancet, doi:10.1016/S0140-6736(13)60152-X), WHO and IARC (International Agency for Research on Cancer) state ...
Feb 21, 2013
The U.S. Environmental Protection Agency has fined six Arizona school districts a combined total of $94,575 for Asbestos Hazard Emergency Response Act (AHERA) violations. More than 15,000 children attend the 25 ...
Feb 04, 2013
The International Ban Asbestos Secretariat today reports about the corrupt connection between the Russian asbestos industrry and the IARC (the International Agency for Research on Cancer). To advance the mining and ...
Jan 31, 2013
Recently release statistics from the US Geological Survey brings some hope to reducing asbestos disease in the US. Historically, as the production of asbestos fiber lowers, so does the incidence of asbestos related disease, ...