CHICAGO-- USG Corporation recently filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The company wanted to better manage the growing asbestos litigation costs of its United States Gypsum Company subsidiary and to resolve asbestos claims.
USG's major domestic subsidiaries also filed Chapter 11 petitions, including United States Gypsum Company, USG Interiors Inc. and L&W Supply Corporation.