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In re Garlock Sealing Technologies, LLC is a court case heard in the United States District Court for the Western District of North Carolina which involves the entry into bankruptcy proceedings by Garlock Sealing Technologies, once a manufacturer of coated asbestos gaskets, as a result of potential liability from current and future settlements. [1]
In 2014, attorneys for Garlock Sealing Technologies, LLC, filed a lawsuit against four asbestos litigation firms, alleging civil racketeering. [51] In March 2016 Garlock, and its parent company EnPro, entered into a settlement that involved the dismissal of their racketeering claims and the payment of $480 million to settle related asbestos ...
Simon Greenstone later filed against Garlock that also alleged racketeering. [11] [12] Simon Greenstone and Garlock reached a settlement in March 2016. EnPro, Garlock's parent company, agreed to form a $480 million bankruptcy trust to resolve all current and future asbestos claims. [11]
Garlock Sealing Technologies LLC Files Pre-Trial Brief for Upcoming Asbestos Liability Estimation Trial CHARLOTTE, N.C.--(BUSINESS WIRE)-- EnPro Industries, Inc. (NYS: NPO) announced today that ...
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The invention led to the creation of Garlock Sealing Technologies. Founded in 1887, in Palmyra, New York. For a detailed history of Garlock from its founding in 1887 until the takeover by Colt Industries in 1976, see Garlock - The First Eighty-Eight Years 1887-1975, written by Robert M. Waples and son. (Waples was President then Chairman 1955-1960)
Feb. 8—The opposing sides in the Archdiocese of Santa Fe bankruptcy case are battling over whether certain insurance records should be sealed from public view. Insurance coverage for the ...
Garlock Sealing Technologies had entered into bankruptcy proceedings, and discovery in the case uncovered evidence of fraud [109] that led to a reduction in estimated future liability to a tenth of what was estimated.