G-I Holdings Pays $775,000 To Settle New York Housing Authority’s Indemnity Claims

(March 6, 2018, 2:29 PM EST) -- NEWARK, N.J. — Reorganized Chapter 11 debtor G-I Holdings Inc. will pay $775,000 to the New York City Housing Authority (NYCHA) to settle the authority’s indemnity and restitution claims for removal of G-I’s asbestos-containing material in authority buildings, according to a stipulation and order filed Feb. 2 in New Jersey federal bankruptcy court (In re: G-I Holdings Inc., et al., Nos. 01-30135 and 01-38790, D. N.J. Bkcy.)....

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