Boiler Company Says Bankruptcy Court Had Authority To OK Deals

(September 25, 2019, 9:33 AM EDT) -- TACOMA, Wash. — A Washington federal bankruptcy judge properly used its power under the U.S. Bankruptcy Code to approve two settlements between Chapter 11 debtor Fraser’s Boiler Service Inc. and several asbestos liability insurers, the debtor argues in a Sept. 9 brief on appeal by nonsettling insurers in federal court (Fraser’s Boiler Service, Inc. v. Certain Underwriters at Lloyd’s, et al, No. 19-35269, 9th Cir.)....