Oakfabco Rejects $9.7 Million Settlement With Asbestos Insurers

(October 26, 2017, 10:46 AM EDT) -- CHICAGO — An Illinois federal bankruptcy judge on Oct. 2 authorized Chapter 11 debtor Oakfabco Inc. to reject a $9,783,000 settlement with asbestos insurers after the company said it is in the best interests of its bankruptcy estate to focus on confirming a plan of liquidation and have its “right and remedies” under the policies at issue determined afterward (In re:  Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.)....