Garlock Settles Canadian Workers’ Comp Boards’ Claims For $20 Million

(February 23, 2017, 11:36 AM EST) -- CHARLOTTE, N.C. — A North Carolina federal bankruptcy judge on Feb. 3 approved a settlement under which Chapter 11 debtor Garlock Sealing Technologies LLC and related companies will pay $20 million to Canada’s 10 provincial workers’ compensation boards to resolve the boards’ claims for payment on behalf of more than 1,300 Canadian workers suffering from asbestos diseases (In re:  Garlock Sealing Technologies, LLC, et al., No. 10-31607, W.D. N.C. Bkcy.)....