Specialty Products' Asbestos Creditors Float Ch. 11 Plan
Besieged by 15,000 asbestos lawsuits, Specialty Products ducked into bankruptcy in May 2010, despite being operationally profitable. The company’s subsidiaries, including Bondex International Ltd., make adhesives and other chemical-based home improvement products, some of which have been linked to mesothelioma and other ailments caused by asbestos exposure.
The official committee...
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