A group of cancer patients moved to dismiss the bankruptcies of Trane Technologies Plc’s specially-created asbestos liability units, saying they are financially healthy companies that filed for bankruptcy in bad faith.
The three-year-old Chapter 11 cases of Aldrich Pump LLC and Murray Boiler LLC should be thrown out so that asbestos exposure victims can pursue litigation in the civil court system, a group of nearly 50 claimants said in a Thursday filing with the US Bankruptcy Court for the Western District of North Carolina.
Because Aldrich and Murray “are not and have never been financially distressed by asbestos liabilities,” their ...
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