Congoleum Hopes 10th Time Proves To Be The Charm
The bankrupt flooring manufacturer revealed the news on Wednesday, crediting Judge Kathryn Ferguson for ordering mediation that helped paved the way for last Friday’s filing.
Based on the turnaround plan, which was entered in U.S. Bankruptcy Court for the District of New Jersey, Congoleum will now set up a trust to pay its asbestos personal injury claimants.
The trust is...
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