Fraser’s, Insurers Say ‘Definitive’ Deal Resolves Circuit, District Court Appeals

(May 18, 2020, 3:31 PM EDT) -- Chapter 11 debtor Fraser’s Boiler Service Inc. and several asbestos liability insurers have reached a global settlement that resolves all coverage disputes at issue in separate appeals in Washington federal court and the Ninth Circuit U.S. Court of Appeals, according to an order and two motions filed recently in the cases (Fraser’s Boiler Service, Inc. v. Certain Underwriters at Lloyd’s, et al, Nos. 19-35269 and 19-35320, 9th Cir.; National Union Fire Insurance Company of Pittsburgh, PA v. Fraser’s Boiler Service, Inc., et al., No. 3:19-cv-5648, W.D. Wash.)....