Federal Judge: Settlement Between Debtor, Insurance Carrier Proper

Federal Judge: Settlement Between Debtor, Insurance Carrier Proper

CHICAGO - A federal judge in Illinois on Jan. 10 ruled that an insurance settlement between a debtor and one of its insurers related to asbestos coverage was proper despite a separate insurer's contention that the settlement would increase its own liability related to asbestos claims Columbia Casualty v. C.P. Hall Company $(In Re: C.P. Hall Co.$), No. 12-2978, Chapter 11, N.D. Ill.; 2013 U.S. Dist. LEXIS 3867).

Find full version on lexis Advance®
Access this news story on lexis.com®