Trane, Ingersoll-Rand Debtors: Undoing Restructuring Will Cause ‘Irreparable Harm’

Mealey's (May 24, 2022, 2:36 PM EDT) -- CHARLOTTE, N.C. — A suit by asbestos claimants in the Chapter 11 case of two Ingersoll-Rand and Trane Technologies spinoffs seeking to consolidate the debtors and nondebtors and unwind the corporate restructuring that created the debtors fails because “substantive consolidation will irreparably harm” the debtors, the nondebtors and their creditors, the debtors say in a May 6 answer to the complaint....