$358M Garlock Deal May Shrink Future Asbestos Trust Payouts

By Sindhu Sundar (January 14, 2015, 8:43 PM EST) -- Garlock Sealing Technologies LLC's planned $358 million agreement to resolve asbestos injury claims is a far cry from the $1.2 billion originally sought by claimants in the landmark bankruptcy case, potentially paving the way for future bankrupt defendants to win dramatically lower asbestos trust valuations....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!