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Settlement ends Honeywell's 'ill-fated' funding of asbestos trust; Company claimed lawyers were bleeding it dry

ERIE, Pa. (Legal Newsline) - Likening the two sides to exhausted boxers or a quarreling couple, a bankruptcy judge approved a settlement between Honeywell and trustees overseeing a fund for paying asbestos claimants under which Honeywell will end its involvement for a lump-sum payment of $1.3 billion. ....

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