LOS ANGELES - Reorganized Chapter 11 debtor Thorpe Insulation Co. and its asbestos trust received approval March 12 from a California federal bankruptcy judge for two settlements with insurance companies that have opposed Thorpe's reorganization; the deals will provide $57 million to the trust for payment of asbestos personal injury claims (In re Thorpe Insulation Co., No. 2:07-bk-19271, C.D. Calif. Bkcy.)....(read more)![]()
↧