Articles Posted in Asbestos Bankruptcy Fraud

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TROY, Mich.July 9, 2019 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that Maremont Corporation (“Maremont”), a non-operating subsidiary of Meritor, and Maremont’s three wholly-owned, non-operating subsidiaries, Maremont Exhaust Products, Inc., AVM, Inc., and Former Ride Control Operating Company, Inc. (collectively with Maremont, the “Debtors”) have consummated their Joint Pre-Packaged Plan of Reorganization (the “Plan”). The Plan was confirmed by the U.S. Bankruptcy Court for the District of Delaware on May 17, 2019 and approved by the District Court for the District of Delaware on June 27, 2019. All current and future asbestos claims related to the Debtors’ historical asbestos-related activities have been channeled to an asbestos trust (the “Trust”) that will process and satisfy all such claims going forward pursuant to the Trust’s resolution and payment procedures.

As previously announced, pursuant to the Plan, which was supported by 100 percent of holders of current asbestos claims against Maremont that voted on the Plan, the Debtors established the Trust in accordance with the provisions of section 524(g) of the U.S. Bankruptcy Code. The Trust has been funded with a $28 million contribution from Meritor and Maremont’s remaining assets, including approximately $21 million in cash and intercompany loan receivables less certain amounts needed to pay for the remaining administrative costs of the Chapter 11 Cases, as well as its remaining insurance assets.

Other key terms of the Plan include:

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Steven Kazan — The Donald Trump of Asbestos Trusts – Collusion, Corruption, Fraud – 

The comparisons are undeniable.

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Steven Kazan – The “President” of Asbestos Trust Fraud – has his “dirty” hands in nearly every Asbestos Trust

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If the Department of Justice is looking to stop Asbestos Trust Fraud – Investigate the dealings of 2 Asbestos Lawyers – Alan Brayton and Steven Kazan!

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Steven Kazan – The Face of Asbestos Fraud – has misappropriated billions from asbestos victims.

These 2 disgraceful attorneys (Steven Kazan and Alan Brayton) serve as Fiduciaries/Trustees on nearly EVERY asbestos Trust in the Country. Here’s a simple rundown of Kazan and Brayton’s fraud and corruption:

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Dishonest Lawyer – Worse Person – Marla Eskin

There are many, many corrupt Lawyers working for Asbestos Trusts. But few worse than Marla Eskin – Attorney, Delaware.

She lies to Asbestos Trust  Beneficiaries and their Counsel.

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Laughable. I knew these corrupt Trusts would have to respond to my recent filings putting the Court on Notice of the Department of Justice filings which relate specifically to the J.T. Thorpe and Thorpe Insulation “insiders” who are passing fraudulent claims (for Alan Brayton/Brayton Purcell) and the massive misappropriation of Trust Funds.

So big deal – I gave the Court “Judicial Notice” of the Department of Justice Filings

Department of Justice Motion – Fiduciary Fraud

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IT DOESN’T BE MUCH BETTER THAN THIS – JUSTICE DEPARTMENT HAS THEIR ‘EYE’ ON ASBESTOS TRUSTS –

https://www.justice.gov/opa/pr/justice-department-files-statement-interest-new-asbestos-trust-proposal

Department of Justice

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How Steven Kazan and Alan Brayton Misappropriated Billions from Asbestos Trust Funds in 4 Simple Steps

The “Methods” of Corruption of 2 California Asbestos Lawyers

Every present and future victim of asbestos diseases will receive less money because of 2 very corrupt lawyers – Steven Kazan and Alan Brayton. Look in any Asbestos Trust By-Laws and Trust Distribution Procedures and you will find them. Collectively, Steven Kazan and Alan Brayton control nearly every Asbestos Trust in the Country (approximately 30 Trusts totaling nearly $30 BILLION dollars). They are “Fiduciaries” for the victims of asbestos diseases. But on each Trust, Kazan and Brayton breach that “Fiduciary Duty”. Insider dealing? Yes! Concealment of Asbestos Trust sites? Yes. Collusion? Yes. The net result? The misappropriation of BILLIONS of dollars to Kazan and Brayton.

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Updated August – 2018     Corrupt Judge Sheri Bluebond      Corrupt-Judge-Sheri-Bluebond-Insider-Dealer

We caught her!! The most corrupt Judge in America – Sheri Bluebond

We knew Judge Sheri Bluebond was the ‘queen’ of Insider Dealing, Favoritism and Fraud –