Belluck Law Petition Appointing Receiver for The Walworth Company Approved
For Immediate Release: Monday, March 24, 2025
Contact: Maja Belamaric; [email protected]
Belluck Law petitioned the Court of Chancery of the State of Delaware to appoint a receiver for The Walworth Company, a manufacturer of asbestos-containing valves.
Last Friday, March 21, 2025, the Court of Chancery of the State of Delaware granted the Belluck Law petition to appoint a receiver for the Walworth Company.
Founded in the middle of the 19th Century, The Walworth Company grew to become a major manufacturer of asbestos-containing valves for industry worldwide and also for the United States Navy during its heyday. Like many other American manufacturing companies, its business declined and it became defunct. Its state of incorporation, Delaware, eventually declared the company void. As a result, the countless tort victims who were exposed to The Walworth Company’s dangerous products over the years were previously unable to bring suit against the company to obtain compensation, despite the company still having viable insurance assets that it purchased over the years for this very purpose.
With this order, Belluck Law, LLP’s clients who were exposed to The Walworth Company’s can now bring suit against The Walworth Company by serving its Court-appointed receiver. The receiver will have full authority to act on behalf of Walworth. This includes administering its assets, providing notice to Walworth’s insurers, and asserting, defending and settling claims on behalf Walworth for the benefit of its creditors, i.e. tort victims.
About Belluck Law, LLP
Belluck Law, LLP is headquartered at 546 Fifth Ave, 5th Fl, New York, NY 10036 with offices across the state of New York in Albany, Rochester, Johnstown, and Woodstock, and offices in Maine, Massachusetts, and New Jersey. The firm has recovered over $1 billion in compensation on behalf of its clients. The firm’s attorneys have been recognized by Best Lawyers, Best Law Firms, SuperLawyers, Martindale Hubbell and other peer and third-party attorney evaluators.
The Belluck Law firm is committed to the communities it serves by supporting charitable causes across the U.S. The firm is a major donor to the Mesothelioma Applied Research Foundation through which it helps fund peer-reviewed mesothelioma research; helps pay for patient support services; and helps provide education to patients about treatment options. More information about the firm can be found at www.bellucklaw.com.
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