Bankruptcy Judge Extends Deadlines As Oakfabco Seeks Approval Of Settlements

(May 26, 2016, 8:16 AM EDT) -- CHICAGO — An Illinois federal bankruptcy judge on May 12 gave Chapter 11 debtor Oakfabco Inc. extra time to file a plan of liquidation so the company can obtain approval of three settlements with insurance companies over asbestos liability coverage (In re: Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.).

(Order available. Document #48-160527-024R.)

Insurance Settlements

Oakfabco, a former boiler manufacturer, filed a voluntary Chapter 11 petition Aug. 7 in the U.S. Bankruptcy Court for the Northern District of Illinois, saying that it plans to liquidate its...
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