SOUTHFIELD, Michigan, U.S.A. — Joining the ranks of nine other companies fighting for survival in the face of enormous liability for asbestos-related illnesses, Federal-Mogul Corp. files Oct. 1 for bankruptcy protection in the U.S. and U.K. to provide for asbestos claimants while keeping the automotive supplier operating without interruption. The auto supplier received approval in U.S. District Court in Wilmington, Delaware, for US$450 million of interim debtor-in-possession financing ...
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