USG Files Chapter 11 to Manage Asbestos Costs and Liability
USG announced that it filed Chapter 11 to manage lawsuits ...
USG Corporation announced that it filed a voluntary petition petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code to manage the growing asbestos litigation costs of its United States Gypsum Company subsidiary and to resolve asbestos claims in a fair and equitable manner. USG's major domestic subsidiaries also filed Chapter 11 petitions, including United States Gypsum Company, USG Interiors Inc. and L&W Supply Corporation.