SETTLEMENT AGREEMENT BETWEEN AND AMONG MAGNETEK, INC., MAGNETEK CONTROLS, INC., MAGNETEK NATIONAL ELECTRIC COIL, INC., FEDERAL-MOGUL CORPORATION AND FEDERAL- MOGUL PRODUCTS, INC.; OFFICIAL COMMITTEE OF ASBESTOS CLAIMANTS, LEGAL REPRESENTATIVE FOR...Settlement Agreement • June 4th, 2007 • Magnetek, Inc. • Electronic components, nec • Delaware
This SETTLEMENT AGREEMENT (the “Settlement Agreement”) is entered into as of May 24, 2007 by and among (i) MagneTek, Inc. and MagneTek Controls, Inc. (“MagneTek Controls”; collectively, these two MagneTek entities are referred to herein as the “MagneTek Parties”), and MagneTek National Electric Coil, Inc., (ii) Federal-Mogul Corporation (“FMC”) and Federal-Mogul Products, Inc. (as hereinafter defined, “FMP”) (FMC and FMP shall be referred to collectively herein as “Federal-Mogul Parties”), (iii) the Official Committee of Asbestos Claimants appointed in the Chapter 11 Cases (as defined below) (the “ACC”), and (iv) the Legal Representative for Future Asbestos Claimants appointed in the Chapter 11 Cases (as defined below) (the “FCR”).
