A St. Louis maker of heat-resistant products, Christy Refractories Co. LLC has filed for Chapter 11 bankruptcy protection last week. It has filed the petition in St. Louis because of mounting asbestos lawsuits, according to a court filing.
Italy’s dairy group Parmalat SpA said that it will issue new stock valued at more than $36 million to settle a class-action case against it. Parmalat will also pay up to 1 million euros ($1.55 million) of the cost of notifying the class members of the settlement, the statement said.
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