Garlock Must Give Financial Docs To Asbestos Claimants

Law360, New York (March 6, 2012, 5:53 PM EST) -- The North Carolina federal judge overseeing Garlock Sealing Technologies LLC's bankruptcy on Tuesday ordered the company to produce financial statements requested by a group of asbestos injury claimants.

U.S. Bankruptcy Judge George R. Hodges said Garlock and certain affiliates must give the asbestos claimants committee consolidated financial statements for 2002 to 2005 in connection with the committee's investigation of transfers between Garlock and the affiliates between 2004 and 2005 as well as shortly before Garlock's June 2010 bankruptcy filing.

The claimants believe assets may have been...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.