Maremont’s Plan Takes Effect; Asbestos Claims Channeled To Trust

(July 18, 2019, 9:05 AM EDT) -- WILMINGTON, Del. — The prepackaged plan of reorganization for Chapter 11 debtor Maremont Corp. is fully approved and became effective July 9, establishing a multimillion dollar trust to resolve and pay asbestos claims, the debtor says in a Delaware federal bankruptcy court notice (In re:  Maremont Corporation, et al., No. 19-10118, D. Del. Bkcy.)....