Some Plan Negotiations In Garlock Case Will Remain Confidential, Judge Says
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.)
Garlock and affiliates filed a Chapter 11 petition in 2010 in...