Paddock Enterprises Says It Has Reached Agreement On Plan, $610M Asbestos Trust

(May 4, 2021, 8:18 AM EDT) -- WILMINGTON, Del. — Chapter 11 debtor Paddock Enterprises LLC has reached an agreement with asbestos claimants’ representatives on a consensual plan of reorganization that includes establishment of a $610 million trust to pay asbestos personal injury claims, the debtor says in an April 30 motion seeking to extend its exclusive periods for filing the plan....

Attached Documents

Related Sections