EnPro Industries Announces Court Approval of Settlement Regarding Canadian Asbestos Claims
Enpro Inc. (NPO)
Last enpro inc. earnings: 2/25 06:30 am
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US:NYSE Investor Relations:
enproindustries.com/investors
Company Research
Source: Business Wire
CHARLOTTE, N.C.--(BUSINESS WIRE)-- EnPro Industries, Inc. (NYSE: NPO) today announced that on February 1, 2017 the U.S. Bankruptcy Court for the Western District of North Carolina (the “Bankruptcy Court”) announced its decision to enter an order approving the previously announced settlement agreement (the “Canadian Settlement Agreement”) with workers’ compensation boards for each of the ten Canadian Provinces to resolve current and future asbestos claims. The Bankruptcy Court presides over the asbestos claims resolution proceedings involving EnPro’s subsidiaries, Garlock Sealing Technologies LLC (“GST”), Garrison Litigation Management Group, Ltd. and OldCo, LLC, the corporate successor to Coltec Industries Inc (“Coltec”). An agreement for the settlement regarding these Canadian claims has been a condition to EnPro, Coltec and GST’s obligations to proceed with the March 2016 comprehensive settlement (the “Comp
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