April 01, 2024
Bankrupt fire suppression technology company Kidde-Fenwal Inc. received court approval Monday from a Delaware judge for a sale of assets that will net the estate up to $200 million, setting up future legal wrangling over who will reap the proceeds of the transaction as the debtor faces claims arising from its manufacture of firefighting foam with deadly chemicals.
February 13, 2024
A group of insurers have asked that a Delaware federal court, rather than a bankruptcy court, handle their dispute with Kidde-Fenwal Inc. over whether they owe a defense in thousands of suits the fire-suppression company is facing over so-called forever chemicals.