Overwhelmed By Asbestos Claims, Former Insulation Seller Files For Chapter 11

(November 13, 2015, 12:52 PM EST) -- NEW ORLEANS — A 95-year-old former gasket and insulation sales company in New Orleans filed a Chapter 11 petition Sept. 22 in Louisiana federal bankruptcy court to resolve nearly 20,000 lawsuits alleging asbestos-related injuries through an insurance-funded asbestos trust (In re: Eagle, Inc., No. 15-12437, E.D. La.).

(Chapter 11 petition available. Document #48-151120-009X.)

Insurer Agreements

Eagle Inc., which was founded in 1920 and whose primary business was selling gaskets and selling and installing insulation and insulation products, filed a voluntary bankruptcy petition in the U.S. Bankruptcy...
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