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Stock Market & Financial Investment News

News Breaks
January 11, 2014
18:11 EDTNPOJudge estimates EnPro’s GST mesothelioma liability at $125M
EnPro Industries announced that Judge George Hodges of the United States Bankruptcy Court for the Western District of North Carolina entered an order estimating the liability for present and future mesothelioma claims against EnPro’s Garlock Sealing Technologies, GST, subsidiary at $125M, 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.
News For NPO From The Last 14 Days
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December 18, 2014
09:32 EDTNPOEnPro downgraded to Neutral from Buy at Sidoti
December 5, 2014
07:32 EDTNPOEnPro says Garlock receives favorable decision in asbestos claims resolution
EnPro Industries announced that Garlock Sealing Technologies yesterday received a favorable decision from the Bankruptcy Court for the Western District of NC in its continuing asbestos claims resolution process. The ruling, by Judge George Hodges, denied a motion filed by the asbestos claimants' committee to re-open the record from the 2013 estimation trial in light of alleged misconduct by GST and newly discovered evidence. The judge found that there was no misconduct and that the purported new evidence was either not new or immaterial.

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