Articles Posted in Asbestos Bankruptcy Fraud

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2019 Again Exemplified Fraud, Misappropriation of Funds, Insider Dealing, and Corruption Taking Place at Asbestos Trusts.

The Goal of the Asbestos Trust Fiduciaries? Simple – Divert and Misappropriate as much Trust Money (Billions) to Steven Kazan, Alan Brayton, Tom Florence, Bethany Recht, Mary Ellen Nickel and other Corrupt Fiduciaries while at the same time suppressing legitimate claims from honest lawyers AND banning (through sham audits) Doctors that the “honest” lawyers work with….High Level Corruption in 2020 awaits…

Examples of Corruption in Asbestos Trusts Discovered in 2019:

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Steven Kazan Has Completely Rigged Asbestos Litigation!!

It’s rigged. Completely rigged. Asbestos litigation is a $100 Billion ‘industry’ and it’s been completely rigged. With one man primarily responsible — Steven Kazan (www.kazanlaw.com; #kazanlaw.com; @kazanlaw.com). 

Steven-Kazan-The-Face-of-Asbestos-Trust-Corruption-and-Fraud-214x300The Man Who Rigged Asbestos Litigation: Steven Kazan

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California Mesothelioma, Lung Cancer & Asbestosis Victims – Call Now for California’s Top Firm (1-800-970-DUST)

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The Mandelbrot Law Firm is now appealing to Mesothelioma and Lung Cancer Victims in California  to call the Asbestos Legal Center http://www.mesothelioma.pro anytime at 1-800-970-DUST.

The Asbestos Legal Center offers on the spot access to attorney Michael J. Mandelbrot the founding partner of the Asbestos Legal Center. The Asbestos Legal Center is one of the nation’s premier mesothelioma and asbestos exposure lung cancer law firms-and they consistently get the best financial compensation settlement results for their clients. www.mesothelioma.org

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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