CIRCOR's Leslie Controls Subsidiary Emerges from Chapter 11 (CIR)

CIRCOR International CIR today announced that the company and its wholly owned subsidiary, Leslie Controls, Inc. have funded the Section 524(g) asbestos trust established under Leslie's Chapter 11 reorganization plan affirmed in February 2011 by the U.S. District Court for the District of Delaware. With the funding of the trust, Leslie has now emerged from Chapter 11 protection. Leslie initially filed a pre-negotiated plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code in July 2010 to permanently resolve its asbestos liability.