Reorganization Plan, Asbestos Trust Of Hess Unit HONX Confirmed

(February 20, 2024, 10:52 AM EST) -- HOUSTON — The Chapter 11 plan of reorganization of Hess Corp. affiliate HONX Inc., which creates a trust with up to $187 million to resolve asbestos personal injury claims, was confirmed Feb. 16 in findings of fact and conclusions of law issued jointly by a federal judge and a federal bankruptcy judge in Texas after 99% of asbestos claimants voted to accept the plan....