Chapter 17 Summary and Conclusion

• Jurisdiction: United States

Chapter 17 Summary and Conclusion

In recent years, the use of liquidation trusts has been successfully employed to handle significant large-scale litigation involving multiple actions and to distribute recoveries to multiple claimants. The original structures used in the 1980s in the asbestos litigation and Dalkon Shield litigation have evolved to handle General Motors, Tronox and other very large matters. These cases were resolved by recognizing that complex business operations needed to be distinguished from the wide range of other highly litigious matters involved in these bankruptcies. The trust strategies and structures adopted have also been successfully employed in much smaller cases as an effective and...