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Owens Corning lawsuit survives bankruptcy - 3rd Cir.

5/18/2012 COMMENTS (0)

May 18 (Reuters) - A federal appeals court on Friday ruled that Owens Corning Sales LLC could be liable for allegedly-defective roof shingles, even though the company has been through a bankruptcy reorganization.

In recent years, the U.S. Court of Appeals for the 3rd Circuit has expanded the types of claims that a company can shed in bankruptcy. But the court took a step back on Friday, reinstating product-liability claims against the building-materials maker that came to light after it emerged from bankruptcy.

Owens Corning entered bankruptcy proceedings in 2000, in the face of significant asbestos liability. The company published notices in the New York Times, the Wall Street Journal, USA Today and other media outlets, calling for any outstanding claims to be filed. A bankruptcy court confirmed the company's plan in September 2006, and extinguished all claims that arose before the confirmation date.

Two customers, Patricia Wright and Kevin West, discovered leaks in their Owens Corning roofs from split shingles in 2009 and sued the company for fraud, negligence, strict liability and breach of warranty. At the time, it was clear their claims had survived bankruptcy. A much-criticized ruling, Avellino v. Frenville -- valid law in the 3rd Circuit at the time -- held that claims arose when they surfaced. For Wright and West, the claims arose when the alleged defects in the shingles emerged in 2009, years after the bankruptcy plan's confirmation date.

But in June 2010, the 3rd Circuit abandoned Frenville, and adopted a new rule that favored debtors because it expanded the universe of claims that could be eliminated in bankruptcy. The case, In re Grossman's, stemmed from claims that a woman allegedly contracted an asbestos-related disease while using materials produced by Grossman's, a building products company, to renovate her home. The court found that if the exposure occurred before Grossman's had filed its bankruptcy petition, then the claim qualified for discharge. As a result of the change, a company was able to block many more potential lawsuits with its reorganization plan. Under the new rule, Wright and West's proposed class action was no longer possible.

But the 3rd Circuit limited the effect of that change on Friday, finding the new rule does not apply retroactively. For bankruptcy plans confirmed before Grossman's was decided on June 2, 2010, if the plaintiffs were not aware of their claims when notice of the bankruptcy was published, they can still pursue them.

A three-judge panel of the 3rd Circuit acknowledged that it had to balance the goal of giving a debtor a fresh start by resolving all claims arising from its conduct before emerging from bankruptcy, and the rights of individuals damaged by that conduct who were unaware of the potential harm at the time of the bankruptcy.

Matt Schroder, a spokesman for Owens Corning, said the company was considering whether to appeal further or to defend its position before the Pennsylvania district court.

David Alexander Barnes, a lawyer for the plaintiffs, said the case marks a significant contour in the way a claim is defined for bankruptcy purposes, making fewer claims subject to discharge.

The case is Wright et al v. Owens Corning, U.S. Court of Appeals for the 3rd Circuit, No. 11-2026.

For Wright et al: David Alexander Barnes of Obermayer, Rebmann, Maxwell & Hippel.

For Owens Corning: Kara McCall of Sidley Austin. 

(Reporting By Terry Baynes)

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