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Judge Denies Bid to Reopen Garlock Asbestos Liability Trial
2014-12-12 10:26:45| Industrial Machines - Topix.net
Garlock Sealing Technologies LLC, the EnPro Industries Inc. unit that filed Chapter 11 in June 2010 to address asbestos claims, won a long-fought battle with personal-injury claimants when their request to reopen the record of a trial estimating the company's aggregate asbestos liability was denied. U.S. Bankruptcy Judge George R. Hodges in Charlotte, North Carolina, already held a lengthy trial to estimate the amount of valid claims, finding in January that $125 million was a "reasonable and reliable estimate" of the total liability to pending and future mesothelioma claimants.
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Category:Industrial Goods and Services