Canadian Boards Can Delay Voting On Garlock Plan Pending Settlement Ruling

Mealey's (December 9, 2016, 1:11 PM EST) -- CHARLOTTE, N.C. — Canada’s 10 provincial workers’ compensation boards on Dec. 9 got more time from a North Carolina federal bankruptcy judge to vote on the Chapter 11 plan for Garlock Sealing Technologies LLC so they can finalize a $20 million settlement with the debtor and related companies of the boards’ claims for payments made to more than 1,300 Canadian workers suffering from asbestos diseases (In re:  Garlock Sealing Technologies, LLC, et al., No. 10-31607, W.D. N.C. Bkcy.)....