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In a landmark January 2014 decision in the case In re Garlock Sealing Technologies, LLC, a U.S. bankruptcy judge set Garlock’s liability for all present and future claims at $125 million, a fraction of the $1.4 billion plaintiff lawyers sought. [9]
Leslie Controls, Inc., part of the Thermal Fluid Division of Circor International Inc., is a manufacturer of industrial water heaters, control systems and regulators headquartered in Tampa, Florida. It is one of two major manufacturers of train horns in North America, the other being Nathan Manufacturing, Inc. [ 1 ]
Rebranded MCI, it emerged from bankruptcy in 2004 and the assets were bought by Verizon. Parmalat: Italy: 24 Dec 2003: Food: The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went ...
Two years after Aspirity Energy filed for bankruptcy, the U.S. trustee in charge of liquidating the failed Minneapolis energy company had owner Tim Krieger on a witness stand — under oath.
A more than 100-year-old Wichita company has filed for Chapter 11 bankruptcy to restructure the business and potentially bring in new partners. Amid bankruptcy filing, Pioneer Balloon owners find ...
Chicago Pneumatic, also known as "CP", is an industrial manufacturer providing power tools, air compressors, generators, light towers and hydraulic equipment.Products are sold in more than 150 countries through a worldwide distribution network.
Discount home goods retailer Big Lots filed for bankruptcy protection on Monday after high interest rates and a sluggish housing market slowed demand for its low-priced furniture and decor.
Typically an asbestos plaintiff is exposed to a mixture of products during a thirty-year career in the building trades. It takes between twenty and fifty years from first exposure to the development of asbestos-caused cancer, so work histories, employment, military and social security records are used to help prove the plaintiff's exposure to various asbestos products throughout his or her career.