Hess, Chapter 11 Unit HONX Working With FCR On Reorganization Plan

(April 12, 2023, 11:37 AM EDT) -- HOUSTON — Hess Corp., its Chapter 11 debtor affiliate HONX Inc. and asbestos claimants have agreed to extend the time to file a consensual plan of reorganization for HONX so they can continue to negotiate with the future claimants’ representative (FCR) to “reach agreement on a fair and equitable treatment” of people who later develop asbestos diseases, according to a status update filed by the debtor in Texas federal bankruptcy court....