Oakfabco Asbestos Claimants Say CNA Knew Of More Coverage When Making Deal

(January 25, 2018, 12:20 PM EST) -- CHICAGO — The Asbestos Claimants’ Committee in the Chapter 11 Case of Oakfabco Inc. on Jan. 2 filed a nine-count fraudulent inducement adversary complaint against Oakfabco insurers and a claims management company alleging that they knew that additional coverage was available for asbestos claims when the insurers attempted to settle with Oakfabco before it filed for bankruptcy (Asbestos Claimants Committee v. American Casualty Company of Reading, PA, et al., No. 18-00002, N.D. Ill. Bkcy.)....

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