Mealey's (September 24, 2015, 11:51 AM EDT) -- CHARLOTTE, N.C. — Negotiations conducted after Jan. 16 between asbestos claimants and Chapter 11 debtor Garlock Sealing Technologies LLC on a plan of reorganization for the debtor will be kept confidential and out of the reach of discovery in the plan confirmation process based on a stipulation between the parties, a North Carolina federal bankruptcy ruled Sept. 23 (In re: Garlock Sealing Technologies, LLC, No. 10-31607, W.D. N.C. Bkcy.).
(Order available. Document #48-150925-029R.)
Failed Negotiations
Garlock and affiliates filed a Chapter 11 petition in 2010 in...
Some Plan Negotiations In Garlock Case Will Remain Confidential, Judge Says
To view the full article, register now.
Try for FREE for fourteen days
Already a subscriber? Click here to login