CHARLOTTE, N.C.—A U.S. Bankruptcy Court judge has entered an order estimating Garlock Sealing Technologies L.L.C.'s liability to cover current and future mesothelioma claims filed against the company at $125 million.
Judge George Hodges of the U.S. Bankruptcy Court for the Western District of North Carolina entered the order Jan. 10 after reviewing evidence presented at an estimation trial held in his court during July and August.
Officials at Garlock, a subsidiary of EnPro Industries Inc., said Hodges' ruling is consistent with the positions the firm put fourth at trial.
The judge's estimate is for mesothelioma claims only, and additional amounts may be needed to resolve other disease claims and for trust administration costs, the company said.
Hodges said that $125 million "is sufficient to satisfy Garlock's liability for the legitimate present and future mesothelioma claims against it."
EnPro produces sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products for use in applications by industries worldwide.