STORY FROM: Asbestos
Owens Corning's Choice for Special Counsel Challenged By Ohio Plaintiffs' Firm
January 1, 2001
WILMINGTON, Del. - Owens Corning's decision to hire its longtime counsel to guide it through reorganization is being questioned by at least one firm, which says the appointment might cause problems if the debtors' firm is called to testify during the proceedings. In re: Owens Corning, et al., No. 00-03837 (D. Del.).
On Nov. 21, Cleveland, Ohio-based Kelley & Ferraro filed an objection to Owens Corning's Nov. 7 application to appoint New York-based Debevoise & Plimpton to advise the debtors on negotiating the disposition of unpaid asbestos claims.
Debevoise & Plimpton has represented Owens Corning since 1987, and in 1998 ...