In the early 1980s Johns Manville was a defendant or co-defendant in nearly 10,000 asbestos suits, with juries making large awards of punitive damages, which were not covered by insurance. This case relates the bankruptcy and company-wide reorganization that ensued, and asks students to consider how Johns Manville was able to complete its successful turnaround and subsequent acquisition by Berkshire Hathaway.
Harrigan, Kathryn. Johns Manville's Asbestos Woes Lead to a Turnaround. Columbia Business School: CaseWorks, 2016.
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