Garlock Asbestos Committee: Plan Negotiations Should Remain Confidential
(August 25, 2015, 11:26 AM EDT) -- CHARLOTTE, N.C. — Negotiations between asbestos claimants and Chapter 11 debtor Garlock Sealing Technologies LLC in a failed effort to reach a consensus on a plan of reorganization should remain confidential and out of the reach of discovery in the plan confirmation process, the claimants’ committee says in an Aug. 24 motion for a protective order filed in North Carolina federal bankruptcy court (In re: Garlock Sealing Technologies, LLC, No. 10-31607, W.D. N.C. Bkcy.).
(Motion for protective order available. Document #48-150828-034M.)