• 11/29/2024

Trane Technologies Affiliates to Remain in Chapter 11, Judge Rules

Wall Street Journal

A bankruptcy judge is allowing U.S. affiliates of Irish air conditioning manufacturer Trane Technologies to remain in bankruptcy, denying a request from asbestos-injury claimants to dismiss the cases created through a controversial strategy known as the Texas Two-Step.

https://www.wsj.com/articles/trane-technologies-subsidiaries-to-remain-in-texas-two-step-bankruptcies-617b6dd9