On Monday, March 28, 2016, Judge Graham Mullen of the Western District of North Carolina granted Garlock Sealing Technologies’ motion to stay the four racketeering lawsuits fired against it. Judge Mullen granted Garlock’s motion based on the parties’ “consent and for good cause shown.”
In its motion, Garlock explained that it reached an agreement on a consensual plan of reorganization with the representatives for all current and future asbestos claimants. Under the plan, Garlock and its parent, Coltec Industries Inc., and ultimate parent, EnPro Industries …
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