Federal-Mogul creditors to vote on reorganization

Newswire

CHICAGO, July 28 (Reuters) - Auto parts maker Federal-Mogul Corp. on Wednesday said a Delaware bankruptcy court approved the disclosure statement for its amended reorganization plan, paving the way for a vote by creditors and asbestos claimants. Federal-Mogul, based in Southfield, Michigan, filed for Chapter 11 bankruptcy protection in October 2001 after it was hit with numerous asbestos lawsuits stemming from its acquisition of British piston maker T&N LLC in 1998. The T&N unit, ...

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