Paddock Enterprises, LLC – Files Chapter 11 as O-I Glass, Inc. Looks to Use Corporate Restructuring and Bankruptcy Trust Provisions to Tie Tourniquet on Legacy Asbestos Liability

January 6, 2020 − Paddock Enterprises, LLC  (“Paddock” or the “Debtor”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 20-10028. The Debtor, a wholly-owned subsidiary of O-I Glass, Inc. ("O-I Glass"), the world’s largest manufacturer of glass container products, is represented by Michael J. Merchant…