Manville Trust Unveils New, Stricter Requirements
for Distribution Process

Judge Calls It a 'Model' for the Future; Some Say It Could Actually Mean More Money for the 'Unimpaired'

photo-5 An amendment to the Manville bankruptcy Trust Distribution Process is being hailed as a probable model for future asbestos-related bankruptcy trusts, however, at least one attorney says the deal could eventually backfire.

The changes, which resulted from consultation over the past two years between parties involved in asbestos cases across the country, were announced during a Sept. 4 hearing in the U.S. District Court for the Eastern District of New York.

David Austern, counsel for the …