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$358M Garlock Deal May Shrink Future Asbestos Trust Payouts

By Sindhu Sundar ( January 14, 2015, 8:43 PM EST) -- Garlock Sealing Technologies LLC's planned $358 million agreement to resolve asbestos injury claims is a far cry from the $1.2 billion originally sought by claimants in the landmark bankruptcy case, potentially paving the way for future bankrupt defendants to win dramatically lower asbestos trust valuations....

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