Garlock Asbestos Trust: Claims and Payment

GST Settlement Facility

Debtor
Garlock Sealing Technologies LLC, et al., and OldCo, LLC (successor by merger to Coltec Industries Inc)
Bankruptcy court
U.S. Bankruptcy Court for the Western District of North Carolina
Case no.
10-BK-31607
Petition filed
2010
Plan confirmed
2017
Claims processor
Verus Claims Services
Asbestos history and bankruptcy

The GST Settlement Facility was established under the Modified Joint Plan of Reorganization of Garlock Sealing Technologies LLC and its affiliates and OldCo, LLC, the successor by merger to Coltec Industries Inc. Garlock's Chapter 11 case was filed on June 5, 2010 in the U.S. Bankruptcy Court for the Western District of North Carolina under Case No. 10-BK-31607. On June 12, 2017, EnPro Industries announced that the U.S. District Court for the Western District of North Carolina had entered an order confirming the joint plan. The plan implemented a settlement reached in March 2016 and was meant to resolve current and future asbestos claims against the reorganized subsidiaries. The facility began accepting asbestos personal injury claims on September 17, 2018. Its Claims Resolution Procedures offer Expedited Claim Review and Extraordinary Claim Review, and the trustee sets a payment percentage meant to treat settled, pre-petition judgment and other claims on the same basis.

Timeline on file
2010Petition filed2017Plan confirmed2026Last reviewed2010Petition filed2017Plan confirmed2026Last reviewed
Disease levels in the distribution procedures
Disease category
Mesothelioma
Asbestos-Related Lung Cancer
Severe Asbestosis
Asbestos-Related Other Cancer
Disabling Asbestosis
Non-Disabling Asbestosis

Criterica Capital prices legal assets from court records and private settlement data and prepares requests for independent funders, who each decide on their own. Criterica Capital does not fund, lend or decide.

General information, not legal advice. The trust's own procedures and notices control.

Holding Garlock claims or inventory?
Send the details and our institutional team will respond within one business day.

Next step

Ready when you are.

Tell the Capital desk about the case, the firm or the book. Independent funders each decide on their own.

Start a request

Need analysis rather than funding? Criterica Intelligence