Mealey's Bankruptcy - Oakfabco Backs Asbestos Claimants' Pursuit Of Fraud Claims Against Insurer

Mealey's Bankruptcy - Oakfabco Backs Asbestos Claimants' Pursuit Of Fraud Claims Against Insurer

CHICAGO - Chapter 11 debtor Oakfabco Inc. gave the go-ahead Dec. 20 to asbestos claimants to pursue a nine-count fraudulent inducement complaint against Oakfabco insurers and a claims management company alleging that they knew that additional coverage was available for asbestos claims when the insurers attempted to settle with Oakfabco before it filed for bankruptcy (In re: Oakfabco, Inc., No. 15-27062, N.D. Ill. Bkcy.).

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