Georgia-Pacific Is Litigation-Protected After Unit’s Bankruptcy

Georgia-Pacific LLC can avoid tort lawsuits tied to certain products while its affiliate, Bestwall LLC, seeks to resolve those claims in bankruptcy, the Fourth Circuit ruled.

The US Bankruptcy Court for the Western District of North Carolina, which is overseeing Bestwall’s Chapter 11 case, had “related to” jurisdiction to issue a preliminary injunction to pause asbestos claimants’ lawsuits against Georgia-Pacific, the US Court of Appeals for the Fourth Circuit said in a ruling Tuesday.

“These bankruptcy procedures promote the equitable, streamlined, and timely resolution of claims in one central place compared to the state tort system, which can and has ...