Hess, Chapter 11 Unit HONX Say They Have Reached Deal With Asbestos Claimants

(February 13, 2023, 3:14 PM EST) -- HOUSTON — Hess Corp., its Chapter 11 debtor affiliate HONX Inc. and asbestos claimants have reached an agreement on a plan of reorganization for the debtor that will establish a trust to evaluate and resolve the asbestos claims, according to a stipulation the parties filed in Texas federal bankruptcy court calling for a stay of all litigation and the filing of a plan and disclosure statement within 60 days....