🛢New Chapter 11 Bankruptcy Filing - HONX Inc.🛢

Non-operating sub of Hess Corp. files to use 524(g) channeling injunction

Well we suppose its good to see (i) Kirkland & Ellis LLP get one on the board in ‘22 (we refuse to count Seadrill New Finance limited, which filed earlier this year) and (ii) a debtor use section 524(g) to actually address asbestos liabilities rather than some other form of mass tort.

Here, HONX Inc. — which happens to be a subsidiary of Hess Corporatio…