Leslie Controls Ch. 11 Plan Gets Bankruptcy Court OK

Law360, New York (October 28, 2010, 6:05 PM EDT) -- A bankruptcy judge signed off on Leslie Controls Inc.’s Chapter 11 reorganization plan Thursday, but the order still needs the approval of the district court regarding an injunction in the plan that forces all asbestos claimants in the case to seek redress solely from a trust set up by the debtor.

Judge Christopher S. Sontchi of the U.S. Bankruptcy Court for the District of Delaware approved the plan and the so-called Asbestos PI Channeling Injunction, which insulates Leslie, its parent company Circor International Inc. and its...
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