Garlock’s Fraud Allegations Stayed Pending OK Of Settlement, Reorganization Plan

(April 18, 2016, 2:39 PM EDT) -- CHARLOTTE, N.C. — A North Carolina federal judge on March 28 stayed four fraud and racketeering lawsuits filed against several asbestos plaintiffs’ law firms and attorneys by Chapter 11 debtor Garlock Sealing Technologies LLC based on the announcement of a global settlement of asbestos claims in Garlock’s bankruptcy case that includes the eventual dismissal of the four actions (Garlock Sealing Technologies LLC v. Simon Greenstone Panatier Bartlett, APLC, et al., No. 14-116; Garlock Sealing Technologies LLC v. Waters & Kraus, LLP, et al., No. 14-130; Garlock...
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