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District Court OKs ACandS' Asbestos-Related Plan

Law360 (July 2, 2008, 12:00 AM EDT) -- A district court upheld a bankruptcy court's confirmation of ACandS Inc.'s reorganization plan on Friday. The approval was necessary due to the plan's extensive involvement with asbestos-related claims.

Judge Joseph J. Farnan Jr. of the U.S. District Court for the District of Delaware affirmed the plan confirmation order that Judge Judith K. Fitzgerald of the U.S. Bankruptcy Court for the District of Delaware signed in May.

“Now we move forward to the effective date, and we will be moving forward to have the trust set up...
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