Oakfabco Seeks Approval Of Insurer Settlements Totaling $17.3 Million

(September 24, 2015, 11:31 AM EDT) -- CHICAGO — New Chapter 11 debtor Oakfabco Inc. on Sept. 11 filed a motion in Illinois federal bankruptcy court seeking a hearing to consider approval of three settlements with insurance companies that will provide more than $17 million to a liquidating trust to value and pay asbestos personal injury claims (In re: Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.).

(Hearing motion available. Document #48-150925-024M.)

‘Race To The Courthouse’

Oakfabco filed a voluntary Chapter 11 petition Aug. 7 in the U.S. Bankruptcy Court for the Northern District...
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