Hess Unit HONX Unveils Chapter 11 Plan With $116 Million Trust

Mealey's (May 31, 2023, 3:51 PM EDT) -- HOUSTON — Hess Corp. Chapter 11 debtor affiliate HONX Inc. seeks to reorganize and establish a $116 million trust to pay asbestos personal injury claims, even though the representative for future asbestos claimants is not on board with the plan, the debtor says in a status report filed in Texas federal bankruptcy court....