Garlock, FCR, Committee Duel In Summary Judgment Motions On Reorganization Plan

Mealey's (December 23, 2015, 9:27 AM EST) -- CHARLOTTE, N.C. — Chapter 11 debtor Garlock Sealing Technologies LLC’s attempts to resolve its asbestos liabilities without using Section 524(g) of the U.S. Bankruptcy Code and to have the future claimants’ representative (FCR) vote on its reorganization plan would amount to unprecedented relief that cannot be granted on summary judgment, the asbestos claimants’ committee says in a Dec. 18 opposition brief filed in North Carolina federal bankruptcy court (In re: Garlock Sealing Technologies, LLC, No. 10-31607, W.D. N.C. Bkcy.).

(Committee’s opposition to Garlock’s motion for partial...
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