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The Future Claims Representative In Mass Tort Bankruptcy: A Preliminary Inquiry, Frederick Tung
The Future Claims Representative In Mass Tort Bankruptcy: A Preliminary Inquiry, Frederick Tung
Faculty Scholarship
Mass torts have becomemoved center stage in the courts, the academy, and the popular press. The plight of mass tort victims—asbestos victims, Dalkon shield users, breast implant recipients, among others—has become standard fare in the media., and cCourts and commentators have struggled for several decades attempting to craft just and workable solutionsresolutions of mass tort liabilities. The challenge is to save the business, restructuring its debts, while providing fair treatment to future claimants and achieving a final resolution of their rights against the business.
Limited Liability And Creditors' Rights: The Limits Of Risk Shifting To Creditors, Frederick Tung
Limited Liability And Creditors' Rights: The Limits Of Risk Shifting To Creditors, Frederick Tung
Faculty Scholarship
In this Symposium, we were asked to identify and articulate the nature of our passion for teaching corporate law. My passion-a bit odd in this context, perhaps-is bankruptcy. In addition to teaching the basic Corporations course, I also teach Corporate Reorganization and Bankruptcy, and my research has focused primarily on corporate reorganization issues. As I say, my particular passion may seem out of place in the context of this Symposium. The corporation is an engine for maximizing wealth. Yet we bankruptcy types obsess about financial ruin. We pray for the next recession. We sell short. Our chips sit on the …