Debtor ON Marine Says Settlements Reached Over Insurers’ Trust Payments

(May 25, 2022, 2:18 PM EDT) -- PITTSBURGH — Chapter 11 debtor ON Marine Services Co. LLC and asbestos claimants have reached an agreement in principle on the amount of money insurers should pay to fund a post-reorganization asbestos trust established by the debtor, according to minutes from a May 5 conference on the status of bankruptcy court-approved mediation....