Owens Corning could be liable in proposed class action despite bankruptcy

The 3rd Circuit’s decision limits its earlier ruling in In re Grossman

The 3rd Circuit ruled Friday that fiberglass manufacturer Owens Corning Sales could be liable for reportedly defective roof shingles despite having filed for bankruptcy, in a decision that limited one of the court’s earlier bankruptcy rulings.

Owens Corning, which was forced to pay millions of dollars in several asbestos-related lawsuits, entered bankruptcy proceedings in 2000. As part of the bankruptcy reorganization, a court extinguished all claims arising before September 2006. 

Alanna Byrne

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.