First Claimants Of Owens-Illinois Debtor Paid By Trust

(May 24, 2023, 8:16 AM EDT) -- WILMINGTON, Del. — The asbestos trust established in the Chapter 11 case of Owens-Illinois Inc. spinoff Paddock Enterprises LLC paid nearly $60 million to settle 439 claims of asbestos disease sufferers in the last three months of 2022, according to the trust’s annual report filed in Delaware federal bankruptcy court....