N.C. Federal Court Stays RICO Actions against Asbestos Plaintiff Firms in Light of Garlock Bankruptcy Deal

Harris Martin

A federal judge in western North Carolina has placed a stay on four RICO lawsuits filed by Garlock Sealing Technologies LLC against plaintiffs' firms. The lawsuits will be settled pending a final order on the plan for Garlock's parent company, EnPro Industries Inc., to place $480 million into an asbestos bankruptcy trust to cover all current and future asbestos claims.

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