Asbestos Claimants Say More Coverage For Oakfabco Claims Available
(July 11, 2016, 3:35 PM EDT) -- CHICAGO — An Illinois federal bankruptcy judge on June 27 gave asbestos claimants in the Chapter 11 case of Oakfabco Inc. more time to file objections to two insurance settlements after the claimants’ committee said it has discovered evidence of additional insurance coverage for asbestos claims against the debtor (In re: Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.).
(Order available. Document #48-160715-012R.)
Oakfabco filed for bankruptcy protection Aug. 7 in the U.S. Bankruptcy Court for the Northern District of Illinois, saying that it plans to...