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Piper Aircraft Asks Fla. Court To Modify Claims Trust

By Carolina Bolado (January 26, 2024, 4:46 PM EST) -- Piper Aircraft Inc. — which emerged from bankruptcy in 1995 with a trust meant to handle future claims for injuries caused by faulty aircraft — has sued to modify the 28-year-old trust, which it says holds $70 million in assets but is paying out very little in claims each year, while burning through millions in legal fees....

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