Ingersoll-Rand, Trane Spin-Offs File For Bankruptcy To Resolve Asbestos Claims

(June 23, 2020, 1:26 PM EDT) -- CHARLOTTE, N.C. — Two newly formed affiliates of industrial manufacturing giants Ingersoll-Rand and Trane Technologies filed a Chapter 11 petition on June 18 in North Carolina federal bankruptcy court after corporate restructurings left the affiliates holding all of the former companies’ asbestos liabilities (In re Aldrich Pump LLC, et al., No. 3:20-bk-30608, W.D. N.C. Bkcy.)....