April 04, 2024
A New Jersey bankruptcy judge has rejected a bid by an ad hoc group to form an official committee of unsecured commercial creditors in the bankruptcy of talc supplier Whittaker Clark & Daniels Inc., saying the group had not shown it was insufficiently well-represented.
March 27, 2024
The U.S. trustee has objected to a bid by an ad hoc group to form an official committee of unsecured commercial creditors in the bankruptcy of talc supplier Whittaker Clark & Daniels, arguing the ad hoc group largely consists of law firms that defended the debtor before it filed its Chapter 11 petition.
April 27, 2023
Talc supplier Whittaker Clark & Daniels, a frequent target of asbestos lawsuits, and three affiliates have filed for Chapter 11 bankruptcy in New Jersey, citing between $1 billion and $10 billion in liabilities.