Federal-Mogul opposes asbestos fund

Newswire

WASHINGTON, April 27 (Reuters) - Auto parts maker Federal-Mogul Corp. said on Tuesday that it opposed a Senate proposal to set up a fund to compensate asbestos victims, saying it was treated unfairly under the plan. Federal-Mogul, which is reorganizing under bankruptcy protection, wrote to senators saying they should not rely on $2.2 billion in payments expected from the company under the plan, which identifies Federal-Mogul as the largest contributor to the asbestos fund. Senators and ...

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