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Article: Dow Corning parents not immune to suits over implants: Judge.(Statistical Data Included)
- Article from:
- Business Insurance
- Article date:
- January 3, 2000
CopyrightCOPYRIGHT 2000 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DETROIT-Women with silicone breast implants who opted out of a $3.2 billion settlement with Dow Corning Corp. may still sue its corporate parents, Dow Chemical Co. and Corning Corp., a U.S. bankruptcy court judge has ruled.
Judge Arthur Spector explained that he lacked the power to grant a release to Dow Corning's parent companies and that the bankruptcy reorganization plan he approved earlier this year wasn't designed to shield the corporate parents from liability.
The Dec. 22 ruling could unravel the $4.5 billion bankruptcy reorganization plan that officials of the Midland, Mich.-based manufacturer had hoped would end years of legal battles over ...