New Asbestos Debtor Wins Approval Of $11 Million Settlement With Insurers

Mealey's (July 23, 2018, 12:44 PM EDT) -- TACOMA, Wash. — An $11.66 million settlement by insurers that is one of the linchpins to the new Chapter 11 case of longtime regional boiler company Fraser’s Boiler Service Inc. was approved July 18 by a Washington federal bankruptcy judge, who also approved an injunction protecting the settling insurers from any future claims of nonsettling insurers (In re:  Fraser's Boiler Service, Inc., No. 18-41245, W.D. Wash, 2018 Bankr. LEXIS 2122)....