Oakfabco Insurer To Pay $4.5 Million To Trust After Battle With Asbestos Claimants

Mealey's (August 8, 2017, 11:24 AM EDT) -- CHICAGO — An Illinois federal bankruptcy judge on Aug. 4 approved a $4.5 million asbestos insurance coverage dispute settlement between Chapter 11 debtor Oakfabco Inc. and one of its insurers over objections by asbestos claimants’ representatives, after the insurer added $1 million to the deal (In re:  Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy., 2017 Bankr. LEXIS 2201)....