Judge Slashes Asbestos Liability In Garlock Bankruptcy To $125 Million

Judge Slashes Asbestos Liability In Garlock Bankruptcy To $125 Million

A bankruptcy judge slashed by 90% the amount gasket manufacturer Garlock Sealing Technologies owes asbestos plaintiffs, citing the widespread practice of lawyers to inflate claims against the company by withholding evidence their clients were exposed to other sources of asbestos.