Asbestos Claimants Nix Plan To Have District Court Hear Oakfabco Insurance Dispute

(May 25, 2017, 8:19 AM EDT) -- CHICAGO — A federal judge will not decide a dispute over the amount of money available to Chapter 11 debtor Oakfabco Inc. to pay asbestos claims under two lost insurance policies after the judge on May 17 granted the Asbestos Claimants’ Committee’s request to withdraw its motion to move the dispute from bankruptcy court (Asbestos Claimants Committee v. Oakfabco Inc., et al., No. 17-03336, N.D. Ill.)....