http://www.bloomberg.com/news/2012-06-25/houghton-ritz-camera-hostess-dewey-bicent-bankruptcy.html
MeadWestvaco
is suing NewPage for alleged breach of contract over asbestos liabilities
specified in an equity and asset purchase agreement between the two companies.
The
liabilities were assumed when NewPage was formed in 2005 through its $2.05
billion purchase of MeadWestvaco's coated paper business.
NewPage
has told MeadWestvaco it is rejecting the agreement, which says NewPage must
"defend and indemnify" MeadWestvaco for asbestos injury claims
arising from the businesses transferred to NewPage.
