Bankruptcy Judge Says Claimants’ Bid To Undo Restructuring Can Proceed

Mealey's (April 19, 2022, 12:14 PM EDT) -- CHARLOTTE, N.C. — An attempt by asbestos claimants in the Chapter 11 case of two Ingersoll-Rand and Trane Technologies spinoffs to consolidate the debtors and nondebtors and unwind the corporate restructuring that created the debtors survived motions to dismiss on April 14, though a North Carolina federal bankruptcy judge ordered the dismissal of the claimants’ declaratory relief claim....