(December 22, 2016, 11:56 AM EST) -- CHARLOTTE, N.C. — The restructuring plan for Chapter 11 debtor Garlock Sealing Technologies LLC cannot be confirmed because it does not make clear which asbestos claims will be channeled to a $480 million trust and impermissibly excludes insurers’ indemnification claims under prior settlements, insurance companies argue in three of the four objections to the plan filed Dec. 9 in North Carolina federal bankruptcy court (In re: Garlock Sealing Technologies, LLC, et al., No. 10-31607, W.D. N.C. Bkcy.)....