Court OKs Leslie Ch. 11 Plan, Asbestos Injunction

Law360, New York (February 8, 2011, 1:50 PM EST) -- A district court has approved a bankruptcy court's confirmation of Leslie Controls Inc.'s reorganization plan, including an injunction that forces asbestos liability claimants to seek redress from a trust instead of Leslie or its parent company.

Judge Jerome B. Simandle of the U.S. District Court for the District of Delaware issued an order Monday granting Leslie's motion to affirm the U.S. Bankruptcy Court for the District of Delaware's decision to confirm the debtor's Chapter 11 plan and channeling injunction. 

Such an injunction cannot go into effect...
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