Asbestos Committee Sues To Undo Effects Of Trane, Ingersoll-Rand Restructuring

(October 21, 2021, 10:20 AM EDT) -- CHARLOTTE, N.C. — A committee of asbestos claimants in the Chapter 11 case of Aldrich Pump LLC and Murray Boiler LLC filed an adversary action and motion Sept. 18 seeking to unwind the corporate restructuring that saddled the debtors with their affiliates’ asbestos liabilities by “substantively consolidating” the debtors’ estates with the affiliates or by reallocating the asbestos liabilities from the debtors back to the affiliates....