South Carolina Top Court Affirms Receivership Over Cape Entity

( May 28, 2026, 2:40 PM EDT) -- COLUMBIA, S.C. — The South Carolina Supreme Court on May 27 affirmed the appointment of a prejudgment receiver to handle a Cape PLC entity’s asbestos-related assets, finding that South Carolina law permits the appointment given the trial court’s conclusion that a moral fraud occurred and that an English court’s ruling finding U.S. courts lack jurisdiction over the entity did not bar the appointment....