Carrier's Kidde-Fenwal Ch. 11 Deal Barred By Purdue, AGs Say
By Lauren Berg ( May 19, 2025, 10:38 PM EDT) -- Connecticut and other states Monday objected to Carrier Global Corp.'s proposed $540 million deal releasing it from "forever chemicals" litigation liability through its ownership of bankrupt firefighting foam manufacturer Kidde-Fenwal Inc., saying the U.S. Supreme Court shot down a similar deal in drugmaker Purdue Pharma LP's bankruptcy case....
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