Lawyers representing asbestos claimants in Garlock Sealing Technology LLC's chapter 11 case are lobbying to reopen an issue that a bankruptcy judge decided earlier this year, which reduced the company's asbestos liability to $125 million from the $1.3 billion plaintiffs' lawyers sought, Dow Jones Daily Bankruptcy Review reported yesterday. The committee representing personal injury claimants says that Garlock withheld crucial evidence, which amounts to fraud on the court. In a 63-page motion, the committee argued that Garlock had or could have had access to information it claimed not to have access to during its pre-bankruptcy settlement negotiations.
