Court Rules that Future Claims Representative May Intervene in G-I Case

NEW YORK - A federal judge has allowed the representatives for future asbestos claimants to intervene in an action accusing the owner of a now-bankrupt defendant of fraudulently transferring nearly a billion dollars of company stock so that it couldn't be used to pay asbestos personal injury claims. Official Committee of Asbestos Claimants of G-I Holding, Inc. v. Samuel J. Heyman, No. 01-8539 (S.D. N.Y.).

In a decision issued Nov. 25, Judge Robert W. Sweet of the U.S. District Court for the Southern District of New York ruled that the Legal Representative has already been deemed a party in interest …