The Budd Company files for bankruptcy, asbestos cases stayed

Published April 21, 2014 7:49pm ET



CHICAGO (Legal Newsline) – An auto parts manufacturer based in Michigan and named in asbestos lawsuits has filed for the protection under Chapter 11 bankruptcy.

The Budd Company voluntarily filed its petition for relief on March 31 in the United States Bankruptcy Court for the Northern District of Illinois.

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