Official Committee Says Ingersoll-Rand, Trane Units’ Bankruptcies Should Be Tossed

(May 18, 2023, 12:13 PM EDT) -- CHARLOTTE, N.C. — The joint Chapter 11 case of Ingersoll-Rand and Trane spinoffs Aldrich Pump LLC and Murray Boiler LLC should be dismissed because the debtors are not in financial distress and the bankruptcy proceeding leaves asbestos claimants “trapped in a process for years and denied compensation while they suffer and die,” a committee of claimants says in a motion filed in North Carolina federal bankruptcy court....