Showing posts with label news. Show all posts
Showing posts with label news. Show all posts

Saturday, January 11, 2014

Judge Estimates Garlock Sealing Technologies' Mesothelioma Liability at $125 Million


EnPro Industries (NYSE: NPO) announced that Judge George Hodges of the United States Bankruptcy Court for the Western District of North Carolina today entered an order estimating the liability for present and future mesothelioma claims against EnPro's Garlock Sealing Technologies LLC (GST) subsidiary at $125 million, consistent with the positions GST put forth at trial.

Judge Hodges's opinion follows the completion of an estimation trial held in his court during July and August of 2013. The judge's estimate is for mesothelioma claims only. Additional amounts may be necessary to resolve other disease claims and for trust administration costs. The opinion can be found under the investor relations tab on the EnPro Industries website (www.enproindustries.com).