Claims Center Strikes Deal With G-I Holdings, U.S. Gypsum For Contract Claim
(September 16, 2016, 1:16 PM EDT) -- NEWARK, N.J. — An asbestos claims resolution center will pay $275,000 to settle a longstanding breach of contract dispute between two former members of the center under a stipulation and order filed Sept. 7 in New Jersey federal bankruptcy court (In re: G-I Holdings, Inc., et al., Nos. 01-30135 and 01-38790, D. N.J. Bkcy.).
(Stipulation and order available. Document #48-160923-007R.)
G-I Holdings Inc. filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code in 2001 in the U.S. Bankruptcy Court for the...