Indemnification Row Between Trust, Debtors Settles For $350,000

(December 21, 2022, 8:47 AM EST) -- CHARLOTTE, N.C. — A defunct boiler manufacturer’s asbestos personal injury trust will pay a bankrupt spinoff of Ingersoll-Rand Co. and Trane U.S. Inc. $350,000 to settle the spinoff’s claim against the trust for more than $25 million in unreimbursed expenses relating to the resolution of asbestos personal injury claims, with the settlement winning approval in North Carolina federal bankruptcy court....