Hess And Debtor Unit HONX Agree To Mediation To Resolve Asbestos Claims

(August 9, 2022, 8:53 AM EDT) -- HOUSTON — A Texas chief bankruptcy judge and famed mediation attorney Kenneth Feinberg will oversee negotiations among Hess Corp., its bankrupt affiliate HONX Inc. and representatives for asbestos disease claimants on a consensual resolution to the Chapter 11 case with the establishment of an asbestos trust, according to a stipulation approved July 18 by a Texas federal bankruptcy judge....