Chicago (April 20, 2004) -- A U.S. District Court has appointed top-ranked accounting firm Crowe Chizek & Co. LLC as financial advisor for the Dow Corning Qualified Settlement Facility Trust.

Dow Corning, once the world's largest maker of silicone breast implants, has been in Chapter 11 bankruptcy since 1995 as a result of legal expenses incurred in defending itself against lawsuits filed by implant recipients. Dow Corning consistently maintained that the implants were safe, but agreed to pay $3.2 billion toward the claims as part of its bankruptcy settlement.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access