EnPro announces liability estimate for claims against subsidiary

EnPro Industries (NPO +25%) rallies sharply in morning trading after announcing that the United States Bankruptcy Court for the Western District of North Carolina has estimated the "liability for present and future mesothelioma claims against EnPro's Garlock Sealing Technologies subsidiary at $125M."

The total is consistent with the figure the company "put forth at trial."

"The court has determined that $125M is sufficient to satisfy Garlock's liability for the legitimate present and future mesothelioma claims against it," the company notes. (PR)

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