Owens Corning went into Chapter 11 bankruptcy in 2000. In October 2002, it claimed that it was insolvent for four years before filing for bankruptcy (1996–2000). Apparently, the major issue was asbestos cases.
Because of the insolvent condition, it claims dividends paid were invalid during the period 1996– 2000. Owens Corning is only pursuing holders who received more than $100,000. This amounts to millions of dollars.

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Comment on implications to investors if firms in bankruptcy can claim dividends paid years after receipt.