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.).