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Dow Corning Emerging from Bankruptcy

NEW YORK (Reuters) - Dow Corning said it emerges on Tuesday from a Chapter 11 bankruptcy that was prompted by lawsuits filed by patients injured by silicone implants.
/ Source: Reuters

NEW YORK (Reuters) - Dow Corning said it emerges on Tuesday from a Chapter 11 bankruptcy that was prompted by lawsuits filed by patients injured by silicone implants.

The Midland, Michigan-based maker of silicone breast implants and other medical implants using silicone said this month it will being to process and pay the women who elect to settle their claims.

A U.S. bankruptcy court judge in April set June 1 as the effective date for a multi-billion dollar settlement with 360,000 people set to receive checks shortly after that.

Dow Corning is a joint venture of Dow Chemical Co. and Corning Inc. .