Judge Continues Stay Of Fairbanks’ Asbestos Insurance Coverage Actions

(April 22, 2020, 8:31 AM EDT) -- NEW YORK — A New York federal judge on April 1 agreed to abide by a stay of litigation in Chapter 11 debtor The Fairbanks Co.’s disputes with insurers over coverage for asbestos claims for another 90 days after the debtor said an evidentiary hearing in its bankruptcy case is being pushed back and negotiations on a consensual plan of reorganization continue (The Fairbanks Company v. National Union Fire Insurance Company of Pittsburgh, et al., No. 1:15-cv-1141, S.D. N.Y.)....