Friedman Kaplan client, FlightSafety International Inc., a Berkshire Hathaway company, has formed a joint venture with TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company. The new company will provide training services for Textron Aviation‘s broad product line of business and general aviation aircraft. It will offer training for 48 aircraft models at 16 locations, using a fleet of 89 simulators. More

SDNY Chief Bankruptcy Judge Cecelia Morris has issued a decisive ruling in favor of Friedman Kaplan client the Manville Personal Injury Settlement Trust (the “Manville Trust”), resolving in the Manville Trust’s favor a series of legal questions arising from a claim made by Thorpe Insulation Company Asbestos Settlement Trust (the “Thorpe Trust”), seeking indemnification for millions of dollars in payments it had made to approximately 5,000 asbestos health claimants in California between 2010 and 2017. More