Garlock Sealing Technologies LLC

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Case overview

Case Number:

3:10-bk-31607

Court:

North Carolina Western

Nature of Suit:

Firms

Companies

Government Agencies

Pension Benefit Guaranty Corp.

Sectors & Industries:

May 15, 2017
Garlock Seeks Court's OK For Latest Ch. 11 Plan

Defunct Garlock Sealing Technologies LLC again asked a North Carolina bankruptcy court on Sunday for confirmation of its Chapter 11 plan, saying it's finally resolved all but one objection to the latest plan after a seven-year-long tug of war with various stakeholders.
December 21, 2016
Garlock Claimants Support $20M Canadian Asbestos Deal

Two asbestos claimant committees associated with Garlock Sealing Technologies LLC's bankruptcy case urged a North Carolina bankruptcy judge Tuesday to approve a $20 million deal to end asbestos injury claims for affected automotive part manufacturers in Canada.
March 17, 2016
Garlock Owner Touts $480M Deal To End Asbestos Claims

The owner of Garlock Sealing Technologies LLC agreed to pay $480 million to settle with current and future asbestos claimants, eking out a new bankruptcy plan that, if approved, would free the pipeline sealer and its related entities from the claims over its gaskets and other equipment for good, the company said Thursday.
December 22, 2015
Garlock, Asbestos Claimants Fight Over Voting Power In Plan

Garlock and a group of future asbestos claimants have joined forces to fight a bid by current asbestos claimants aiming for another denial of the company's reorganization plan, arguing that the current plan does not violate bankruptcy laws and that future claimants are entitled to a plan vote.
September 15, 2015
Garlock Slammed Over Bid For Asbestos Payout Info

Personal injury asbestos claimants objected Monday to Garlock Sealing Technologies LLC's request that 13 firms provide information on payments to thousands of non-mesothelioma claimants, telling a North Carolina bankruptcy court that such discovery would be "overkill."
September 03, 2015
Garlock Is Trying To Shirk Asbestos Liability, Claimants Say

Personal injury asbestos claimants told a North Carolina bankruptcy judge Wednesday that Garlock Sealing Technologies LLC can't hide behind the work product doctrine to avoid handing over documents about asbestos settlements reached before the company went into bankruptcy.
June 16, 2015
Garlock Asbestos Claimants Fight Over Ch. 11 Voting Power

Personal injury asbestos claimants in Garlock Sealing Technologies LLC's bankruptcy argued Monday that a representative for future claimants does not have the authority to vote for the debtor's Chapter 11 plan, saying there is no precedent that allows the representative for future mesothelioma patients to cast a ballot.
April 01, 2015
Garlock Slams Asbestos Estimation Ahead Of Ch. 11 Trial

Garlock Sealing Technologies LLC has asked a North Carolina bankruptcy judge to exclude a claimants' committee's expert testimony ahead of an upcoming trial to determine its liability estimation for asbestos claims, calling the opinions "irrelevant" and "hundreds of million of dollars too high" in a brief unsealed Wednesday.
February 09, 2015
Top Product Verdicts Of 2014 — And The Firms That Won Them

Last year's biggest product liability verdicts included multibillion-dollar decisions with large punitive damages components — a $6 billion award against Takeda Pharmaceutical Co. Ltd. that was later reduced, and a $23 billion Engle verdict against R.J. Reynolds Tobacco Co. — but with appeals still pending, the eye-popping awards face dramatic cuts.
January 20, 2015
Garlock Says Attys Told Asbestos Clients To Hide Evidence

Garlock Sealing Technologies LLC has accused multiple asbestos plaintiffs' firms of scheming to artificially inflate claims against the company prior to its 2010 bankruptcy, claiming in four adversary suits unsealed Tuesday that the firms coached plaintiffs to conceal evidence of exposure to other companies' asbestos products.

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