Asbestos Claimants Accuse United Gilsonite Of Fraudulent Conveyance

Asbestos Claimants Accuse United Gilsonite Of Fraudulent Conveyance

WILKES-BARRE, Pa. - Asbestos claimants in the Chapter 11 case of United Gilsonite Laboratories (UGL) on June 24 sought permission from a Pennsylvania federal bankruptcy court to pursue fraudulent conveyance and breach of fiduciary duty claims against the family-owned company's officer as part of the claimants' plan of reorganization for UGL that includes selling the business (In re: United Gilsonite Laboratories, 11-2032, M.D. Pa. Bkcy.).

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