Settlement Approvals Flout 9th Circuit Precedent, Asbestos Insurers Argue

(November 20, 2018, 8:32 AM EST) -- TACOMA, Wash. — A bankruptcy court erred in approving settlements between Chapter 11 debtor Fraser’s Boiler Service Inc. and several asbestos insurers and in barring equitable contribution and breach of contract claims by nonsettling insurers against the insurers, the nonsettling insurers told a Washington federal court Oct. 23 (In re:  Fraser’s Boiler Service, Inc., Nos. 3:18-cv-5637 and 3:18-cv-05638, W.D. Wash.)....