Court rules that due to misrepresentations by plaintiffs’ firms, Garlock’s settlement history does not accurately represent its actual asbestos liability

On January 10, 2014, in a closely watched case, Judge George Hodges of the Bankruptcy Court for the Western District of North Carolina ruled that Garlock Sealing Technologies, Inc.

Filed under:
USA, North Carolina, Insolvency & Restructuring, Litigation, Product Regulation & Liability, Debevoise & Plimpton, United States bankruptcy court
Authors:
Maura Kathleen Monaghan , My Chi To , Mark P. Goodman , M. Natasha Labovitz , Amanda Bloch Kernan
Location:
USA
Firm:
Debevoise & Plimpton