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News
December 5, 2014

In The News Today – December 5, 2014

Federal Bankruptcy Judge George Hodges has refused to reopen the estimation proceeding in the Garlock Sealing Technologies asbestos bankruptcy case. In doing so, he held that his previously ordered $125 million cap be left in place, which is $1 billion less than what plaintiffs’ attorneys requested. (Law360 and Legal Newsline)

An audit of the Gulf oil spill claims process has found $471 million was paid in administrative costs to disburse about $2.8 billion in claims in 2013. That includes $233,000 on in-house meals, $1 million at restaurants, nearly $2.5 million in hotel bills and apartment rent, and $426,000 in rental cars and personal mileage expenses. (Louisiana Record)

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