Reichhold Inc., Affilliates, File for Bankruptcy Relief in Delaware

NEW YORK — Reichhold Holdings US Inc. and three of its affiliates are seeking bankruptcy relief in Delaware federal bankruptcy court, according to a notice filed in the New York asbestos litigation.

According to an Oct. 3 notice filed in the New York County Supreme Court, defendant Reichhold Holdings and affiliates Reichhold Inc., Canadyne Corp. and Canadyne-Georgia Corp. filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware.

The debtors’ Chapter 11 cases are being jointly administered, according to the notice.

In accordance with the automatic stay …