Judge Set To Approve ABB Lummus Ch. 11 Plan

Law360 (June 21, 2006, 12:00 AM EDT) -- A federal bankruptcy judge has signaled she intends to confirm the Chapter 11 plan of ABB Lummus Global Inc., enabling another unit of Swiss parent company ABB Ltd. to shift its asbestos liabilities into a court-approved trust fund.

On Wednesday, Judge Judith Fitzgerald indicated at a hearing that she would sign off on the proposed reorganization plan as soon as the documents are in final order.

ABB Lummus' Chapter 11 case will then go to a federal district judge for a last signature, marking a quick...
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