Cook County Record

Thursday, November 21, 2019

Stephen T. Bobo

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  • Bankruptcy judge OKs Oakfabco's liquidation plan withdrawal, but blasts lawyers; Oakfabco requests mediation

    Even as the company has requested the chance to head to mediation to resolve differences between its insurers and trial lawyers representing tens of thousands of asbestos claimants, a federal bankruptcy judge has granted bankrupt boiler maker Oakfabco’s request to abruptly withdraw its liquidation proposal, leaving unsettled for now how the company will continue through bankruptcy and wind down those asbestos-related personal injury claims.