Garlock Sealing Technologies LLC

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Case Number:

3:10-bk-31607

Court:

North Carolina Western

Nature of Suit:

Firms

Companies

Government Agencies

Pension Benefit Guaranty Corp.

Sectors & Industries:

January 14, 2015
$358M Garlock Deal May Shrink Future Asbestos Trust Payouts

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.
January 14, 2015
Garlock Strikes $358M Accord With Future Asbestos Claimants

Garlock Sealing Technologies LLC has reached an "unprecedented" agreement with future asbestos claimants in its bankruptcy case that includes a $358 million settlement of all asbestos injury claims against the company and a revised reorganization plan.
November 18, 2014
Garlock Parent Says New Info Won't Alter Asbestos Liability

Reopening Garlock Sealing Technologies LLC's personal injury liability proceeding to allow asbestos claimants to introduce new evidence would be a waste of time, Garlock's parent company argued Monday, saying it wouldn't change the fact a bankruptcy judge had already rejected the claimants' committee's liability theory.
October 16, 2014
Garlock Asbestos Liability Docs Unsealed In Bankruptcy Case

A North Carolina bankruptcy judge on Thursday unsealed nearly all records from a prior hearing to estimate Garlock Sealing Technologies LLC's asbestos liability, including internal documents that plaintiffs' attorneys claim will explain the defunct gasket maker's past decisions to settle asbestos injury lawsuits.
October 02, 2014
Asbestos Claimants Want Access To Internal Garlock Docs

The personal injury claimants' committee in Garlock Sealing Technologies LLC's asbestos-related bankruptcy case on Thursday opposed the defunct gasket-maker's bid to seal certain internal corporate documents that the claimants say explain Garlock's decision to settle asbestos suits.
September 29, 2014
Carmakers, Insurers Want Garlock Asbestos Records Unsealed

Ford Motor Co., Honeywell International, Volkswagen Group of America Inc. and a slew of insurers urged a North Carolina bankruptcy judge Thursday to reject a bid to seal aggregated estimations of past and pending mesothelioma claims against Garlock Sealing Technologies LLC, saying the information should be released to the public.
September 15, 2014
Garlock Asbestos Claimants Want Records Kept Private

Attorneys for the claimants' committee in Garlock Sealing Technologies LLC's asbestos-related bankruptcy case have asked a North Carolina bankruptcy judge to seal records from an aggregated estimation of pending and future mesothelioma claims against the company, claiming they contain asbestos victims' confidential personal information.
September 03, 2014
Asbestos Attys Expose Social Security Nos. In Garlock Ch. 11

An asbestos plaintiffs firm was ordered Wednesday to take down court filings in Garlock Sealing Technologies LLC's Chapter 11 case that revealed the full Social Security numbers of dozens of bankruptcy claimants.
August 25, 2014
Garlock Parent Wants Outside Check On Ch. 11 Attys' Fees

The corporate parent of Garlock Sealing Technologies LLC on Friday requested the appointment of an outside examiner to scrutinize attorneys' fees in Garlock's hotly contested Chapter 11 case as the debtor and its asbestos injury claimants accuse each other of manipulating fee requests for leverage.
August 15, 2014
Committee Urges Claimants To Reject Garlock Ch. 11 Plan

The asbestos claimants committee for Garlock Sealing Technologies LLC asked its constituents Thursday to vote down the company's plan to escape bankruptcy, arguing asbestos creditors won't receive full payment under the "grossly unfair" proposal.