EnPro Industries Inc. said it has agreed to a $480 million settlement to resolve current and future personal injury claims related to its asbestos-lined gaskets used in pipes, valves and other industrial applications. The settlement was between EnPro, its now …
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 …
The official committee representing creditors with asbestos claims against Garlock Sealing Technologies LLC will urge its constituents to vote against the company’s reorganization plan, even though Garlock said it pays claimants in full. The official representative of future asbestos claimants, …
Garlock Sealing Technologies LLC, a unit of EnPro Industries Inc., emerged victorious after a trial with official representatives of asbestos personal injury claimants. Adopting the company’s estimate, U.S. Bankruptcy Judge George R. Hodges in Charlotte, North Carolina, concluded that $125 …
