Nonsettling Insurers: Rejection Of Deals With Asbestos Insurers Should Be Upheld

(August 20, 2019, 8:32 AM EDT) -- TACOMA, Wash. — Clear Ninth Circuit U.S. Court of Appeals precedent supports a Washington federal judge’s reversal of approvals for two settlements between Chapter 11 debtor Fraser’s Boiler Service Inc. and several asbestos liability insurers, nonsettling insurers argue in an Aug. 9 brief in the appellate court (Fraser’s Boiler Service, Inc. v. Certain Underwriters at Lloyd’s, et al, No. 19-35269, 9th Cir.)....