Petition of the day
on Oct 2, 2014 at 10:09 pm
The petition of the day is:
Issue: (1) Whether the Third Circuit erred in concluding, contrary to the decisions of this Court and the law in the Second, Fifth, Sixth, Seventh, Eighth, Ninth, and Eleventh Circuits, that a trustee in bankruptcy can settle the tort claims of those injured by a company that filed for bankruptcy when the debtor company could neither bring the claim at the commencement of the bankruptcy nor was injured in any way by the underlying allegations; and (2) whether the Third Circuit erred in concluding, contrary to the law in the First, Ninth, and Federal Circuits, that a claim is general and belongs to the estate simply because other claimants could take advantage of a finding of successor liability, rather than finding it is specific and can go forward because it is unique to these plaintiffs.
