A bankrupt Trane Technologies Plc unit gained court approval to return to mediation as it works with asbestos claimants and other creditors to determine the value of their claims.
Judge Lena Mansori James of the US Bankruptcy Court for the Western District of North Carolina during a Wednesday hearing granted the motion from a future claims representative for Aldrich Pump LLC to set a trial on claims estimation in an effort to streamline the five-year-old Chapter 11 case.
She instructed lawyers to file dates for the trial by Jan. 13 or return to court with an update on Jan. 15. ...