Reorganized Fairbanks Drops Coverage Actions Against Asbestos Insurers

(September 22, 2021, 8:56 AM EDT) -- NEW YORK — Reorganized Chapter 11 debtor The Fairbanks Co. and its asbestos insurers on Aug. 31 stipulated to the dismissal of two consolidated coverage suits in New York federal court, saying their recent settlements in Fairbanks’ bankruptcy case resolved all claims in the actions....