Garlock Liable For $125M, Fraction Of Asbestos Claims

Law360, Los Angeles (January 10, 2014, 9:30 PM EST) -- A North Carolina bankruptcy judge handed a victory Friday to a gasket sealer that went bankrupt after years of lawsuits alleging the asbestos in its products caused mesothelioma, determining the company was liable for $125 million in claims — about a tenth of what the plaintiffs' attorneys sought.

In his 65-page order, U.S. Bankruptcy Judge George R. Hodges ruled that Garlock Sealing Technologies LLC was only minimally liable for lung damage caused by the fibers released when pipes or gaskets were cracked or sliced open, determining...
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