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Russia's Gazprom Shuts Off Natural Gas Supply to Ukraine in Price Dispute
E.ON, Gaz de France Say Natural Gas Will Keep Flowing to Western Europe
U.S.
Employers Added 200,000 Jobs in December, Economic Report May Show
Owens Corning Files New Bankruptcy Plan to Pay Asbestos Claims Jan.
1 (Bloomberg) - Owens Corning, the largest U.S.
insulation maker, filed a new bankruptcy reorganization plan
aimed at wiping out the company's estimated $10.2 billion in
asbestos liabilities.
The plan, filed yesterday in U.S.
Bankruptcy Court in
Wilmington, Delaware, offers those claiming Owens Corning's
asbestos-laden products injured them cash and stock in the
reorganized company in exchange for their claims.
Owens Corning
sought Chapter 11 protection in October 2000 after being swamped
by asbestos lawsuits.
``This plan may be the final road map for resolving all the
mega-asbestos bankruptcies being heard in Delaware,'' said
Charles Tatelbaum, a lawyer with Ft.
Lauderdale, Florida's
Adorno & Yoss.
Tatelbaum, a former vice president of research
for the American Bankruptcy Institute, has represented creditors
in asbe...
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