Garlock Owner Touts $480M Deal To End Asbestos Claims

By Kat Greene (March 17, 2016, 10:56 PM EDT) -- The owner of Garlock Sealing Technologies LLC agreed to pay $480 million to settle with current and future asbestos claimants, eking out a new bankruptcy plan that, if approved, would free the pipeline sealer and its related entities from the claims over its gaskets and other equipment for good, the company said Thursday....

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