Hess Unit Says It Wants Quick Resolution To Asbestos Claims

By Vince Sullivan (May 2, 2022, 5:13 PM EDT) -- The bankrupt subsidiary of oil giant Hess Corp. told a Texas judge on Monday that it wants to move as quickly as possible toward a resolution of the 580 pending asbestos injury claims it is facing, saying it has the support of its parent company for an expedited trip through Chapter 11.

During a virtual first-day hearing, debtor attorney Christopher T. Greco of Kirkland & Ellis LLP said HONX Inc.'s bankruptcy filing will help provide a more efficient forum to address the asbestos injury claims arising from the debtor's ownership and operation of an oil refinery on the island of St....

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