Debtor Seeks Further Delay Of Asbestos Insurance Coverage Actions

Mealey's (August 25, 2020, 9:02 AM EDT) -- NEW YORK — Chapter 11 debtor The Fairbanks Co. on Aug. 20 asked a New York federal judge to continue to abide by a stay of litigation in two declaratory judgment actions with insurers over coverage for asbestos claims as it presses on with negotiations on a consensual plan of reorganization (The Fairbanks Company v. National Union Fire Insurance Company of Pittsburgh, et al., No. 15-1141, Liberty Mutual Insurance Company v. The Fairbanks Company, No. 13-3755, S.D. N.Y.)....