Garlock Debtors, Insurer Agree To Denial Of Arbitration Request

Mealey's (March 17, 2017, 8:49 AM EDT) -- CHARLOTTE, N.C. — An insurer cannot pursue arbitration against Chapter 11 debtor Garlock Sealing Technologies LLC and affiliates for a coverage dispute with a third-party manufacturer but can file a late proof of claim against the debtors without prejudice to its arbitration rights, according to a consent order filed March 16 in North Carolina federal bankruptcy court (In re:  Garlock Sealing Technologies, LLC, et al., No. 10-31607, W.D. N.C. Bkcy.)....