Judge Approves Agreement Between Insolvent Insurer And Bankrupt Department Store

Mealey's (October 25, 2016, 8:54 AM EDT) -- CHICAGO — An Illinois judge on Oct. 17 approved an agreement by which an insolvent insurer and a department store chain in bankruptcy drop their claims against each other in exchange for sharing the funds held in a nearly $9 million trust account (People of the State of Illinois, ex rel. Andrew Boron, Director of Insurance of the State of Illinois v. Lumbermens Mutual Casualty Co., No. 12-24227, Ill. Cir., Cook Co.)....

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