Bankruptcy Court OKs $12.4 Million Deal Between Oakfabco, CNA Insurers

Mealey's (December 20, 2018, 11:43 AM EST) -- CHICAGO — An Illinois federal bankruptcy judge on Dec. 18 approved a $12.4 million settlement between Chapter 11 debtor Oakfabco Inc. and the last remaining insurers challenging the company’s reorganization efforts that will provide additional funding for an asbestos trust (In re:  Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.)....