Garlock Asbestos Claimants Win BofA Discovery Bid

Law360, New York (January 3, 2012, 5:42 PM EST) -- The North Carolina federal judge overseeing Garlock Sealing Technologies LLC's bankruptcy on Tuesday granted a bid by asbestos injury claimants to obtain information from Bank of America NA and Duff & Phelps LLC regarding corporate restructurings that took place before the bankruptcy.

Over Garlock's objections, U.S. Bankruptcy Judge George R. Hodges granted a motion submitted by a committee of asbestos claimants allowing it to compel testimony and review documents held by the bank, which reviewed the restructurings, and Duff & Phelps, whose predecessor Standard & Poor...
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