Oakfabco, Insurers Reach Deal That Boosts Funding For Planned Asbestos Trust

(October 25, 2018, 11:13 AM EDT) -- CHICAGO — Chapter 11 debtor Oakfabco Inc. has reached a settlement with the last remaining insurers challenging the company’s reorganization efforts that will provide $2.65 million more in funding for an asbestos trust than a previous settlement amount, according to a notice of successful mediation the debtor filed Oct. 3 in Illinois federal bankruptcy court (In re:  Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.)....

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