Skip to content
Menu
Mesothelioma Lawyer CenterSponsored by Attorney Paul Danziger

Call to learn about getting your best possible financial compensation

800-793-4540
  • Legal Options
    • Pleural Mesothelioma Lawyer
    • Peritoneal Mesothelioma Lawyer
    • Mesothelioma Legal Advice
    • Mesothelioma Law Firms
    • Mesothelioma Claims
    • Mesothelioma Lawsuits
    • Class Action Mesothelioma Lawsuit
    • Mesothelioma Compensation
    • Asbestos Trust Funds
    • Mesothelioma Settlements
    • Mesothelioma Verdicts
    • Asbestos Lawyers
    • Mesothelioma Wrongful Death
    • Mesothelioma Personal Injury
    • Determining Case Value
    • Trust a Mesothelioma Commercial?
    • Mesothelioma Case Rejected?
    • Lawyers by State
    • Mesothelioma Lawyers in Canada
  • Mesothelioma
    • Mesothelioma Treatment Guide
      • Top Mesothelioma Doctors
      • Top Mesothelioma Cancer Centers
      • Surgery
      • Chemotherapy
      • Radiation Therapy
      • Multimodal Therapy
      • Alternative Treatments
      • Mesothelioma Treatment Costs
    • Mesothelioma Symptoms
    • Mesothelioma Diagnosis
      • Mesothelioma Prognosis
      • Mesothelioma Life Expectancy
      • Mesothelioma Remission
      • Mesothelioma Support
    • Mesothelioma Causes
    • Mesothelioma Types
      • Pleural Mesothelioma
      • Peritoneal Mesothelioma
      • Pericardial Mesothelioma
    • Mesothelioma Stages
      • Stage 1
      • Stage 2
      • Stage 3
      • Stage 4
    • Frequently Asked Questions
    • Mesothelioma Statistics
    • Mesothelioma and Talcum Powder
      • Talcum Powder Lawsuits
    • Mesothelioma and Women
    • Mesothelioma Misconceptions
    • Mental Health
  • Veterans
    • Veteran Claims
    • Navy
      • Ships and Asbestos
      • Shipyards and Asbestos
    • Air Force
    • Army
    • Coast Guard
    • Marines
    • Frequently Asked Questions
  • Asbestos
    • Asbestos Cancer
    • Asbestos Diseases
      • COPD
      • Interstitial Lung Disease
      • Lung Cancer
      • Pleural Effusion
    • Asbestosis
    • Asbestos Exposure
    • Asbestos Manufacturers
    • At Risk Jobs
    • Asbestos Industry Cover-ups
    • Asbestos Laws
  • Settlements We’ve Won
  • Who We Help
  • Reviews of Our Services
  • About Us
Home / Blog / Mesothelioma Victim Takes Action to Reverse Georgia Pacific Bankruptcy Move

Mesothelioma Victim Takes Action to Reverse Georgia Pacific Bankruptcy Move

Published on April 21, 2023
Paul Danziger Page Reviewed and Edited by Mesothelioma Attorney Paul Danziger

In recent years, asbestos companies have added insult to injury by trying to evade mesothelioma victims’ personal injury claims through a complex bankruptcy maneuver known as a “Texas Two-Step.”  After a recent attempt by Johnson & Johnson was rejected by the U.S. Third Circuit Court of Appeals, a man who blames Georgia-Pacific for his asbestos-related illness is taking action to overturn that company’s 2017 bankruptcy filing.

bankruptcy

Georgia-Pacific’s 2017 Bankruptcy Filing Meant to Evade Mesothelioma Claims

Wilson Buckingham was diagnosed with malignant mesothelioma in 2020, and filed suit against Georgia-Pacific for having exposed him to asbestos. But he quickly learned that in 2017 the company had moved its asbestos liabilities into a subsidiary called Bestwall, and that immediately afterward the newly formed company filed for bankruptcy protection. This legal maneuver is controversial, as it puts those seeking compensation from the company at a significant disadvantage.

Johnson & Johnson recently pursued the same “Texas Two-Step” strategy, forming LTL Management and then having it file for bankruptcy protection from the tens of thousands of asbestos claims filed by people diagnosed with mesothelioma and ovarian cancer after using its baby powder product. That move was initially approved by a bankruptcy judge, but then overturned by the higher court.  In light of the asbestos plaintiffs’ victory in that case, Mr. Buckingham is attempting to have Georgia-Pacific’s maneuver overturned as well.

Court Sides with Mesothelioma Victims, Says “No Signs of Financial Distress”

In its decision, the U.S. Third Circuit Court of Appeals noted that though Johnson & Johnson’s maneuver indicated that subsidiary LTL needed bankruptcy protection, the newly-formed company showed “no signs of financial distress at the time of the filing.” While asbestos plaintiffs have previously attempted to have the Georgia-Pacific/Bestwall bankruptcy dismissed, Mr. Buckingham hopes to leverage the court’s LTL Management decision as he asks for reconsideration.

To support his argument, Mr. Buckingham intends to note that while Bestwall has assured the mesothelioma victims that they will see justice, nothing has been provided over the past five years, and that in just the last year, the allegedly “financially distressed” company paid nearly $2.5 billion in dividends to its parent company.

Free Financial Compensation Packet

    Financial Compensation Packet
  • Info on law firms that will recover your highest compensation
  • Learn how to get paid in 90 days
  • File for your share of $30 billion in trust funds
Send My Free Packet >

FREE Financial Compensation Packet

  • Info on law firms that will recover your highest compensation
  • Learn how to get paid in 90 days
  • File for your share of $30 billion in trust funds
Send My Free Packet >
Financial Compensation Packet
Calculate Your Case Value >
Paul Danziger

Page Reviewed and Edited by Mesothelioma Attorney Paul Danziger

Paul Danziger grew up in Houston, Texas and earned a law degree from Northwestern University School of Law in Chicago. For over 25 years years he has focused on representing mesothelioma cancer victims and others hurt by asbestos exposure. Paul and his law firm have represented thousands of people diagnosed with mesothelioma, asbestosis, and lung cancer, recovering significant compensation for injured clients. Every client is extremely important to Paul and he will take every call from clients who want to speak with him. Paul and his law firm handle mesothelioma cases throughout the United States.

Full bio and contact info

Navigation
  • Home
  • Legal Options
  • Mesothelioma
  • Veterans
  • Asbestos
  • Settlements We’ve Won
  • Who We Help
  • Reviews of Our Services
  • About Us
  • Blog
Contact Information
Office Address:
1225 North Loop West Houston, Texas 77008

Handling mesothelioma cases nationwide

Call to learn about getting your best possible financial compensation

800-793-4540

Follow Us
MesotheliomaLawyerCenter.Org BBB Business Review
Sponsor: Paul Danziger, Attorney

The information provided by MesotheliomaLawyerCenter.org is not a substitute for professional medical advice, diagnosis, or treatment.

  • Disclaimer
  • Privacy Policy
  • Editorial Standards
  • Contact Us
©2023 | MesotheliomaLawyerCenter.org