Bankruptcy Court OKs Class Treatment Of Securities Claims Against Asbestos Debtor

Mealey's (July 6, 2021, 1:13 PM EDT) -- NEW YORK — A New York federal bankruptcy judge on July 2 authorized holders of federal securities law claims against Chapter 11 debtor Garrett Motion Inc. to file a class claim so the allegations can be litigated in a district court class action, with any monetary recoveries limited to the debtor’s available insurance....