Content about Trust law

March 30, 2011

Dogged by asbestos claims, United Gilsonite Laboratories (UGL) has filed a voluntary petition for Chapter 11 bankruptcy reorganization in a Pennsylvania U.S. district court. The paint and coatings manufacturer is seeking court approval to establish a trust fund to settle outstanding claims and an injunction preventing asbestos-related awards except though the trust.

UGL used asbestos in joint compound but discontinued the practice more than 30 years ago, according to the company.

January 7, 2011

The Chapter 11 bankruptcy filing of a century-old lumberyard business in Petersburg, Va., has resulted in a legal battle between family members, according to an article in the Progress-Index.

September 9, 2008

Trustees said the store is set to close on Nov. 24, leaving the village without...