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Trustee Says Maremont's Asbestos Trust Is Ripe For Fraud

By Vince Sullivan (March 5, 2019, 10:16 PM EST) -- The U.S. trustee slammed a Chapter 11 plan proposed by bankrupt auto parts maker Maremont Corp. late Monday in Delaware, saying the asbestos claims trust included in the plan does not address the historical problems facing such claim funds and leaves the door open for fraud....

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