Judge Upholds Denial Of Bid To Dismiss Talc Supplier’s Chapter 11 Case

(June 5, 2024, 1:09 PM EDT) -- TRENTON, N.J. — A bankruptcy court correctly declined to dismiss the Chapter 11 case of defunct talc supplier Whittaker, Clark & Daniels Inc. (WCD) because the company’s board and not its receiver was authorized to place WCD into bankruptcy, a New Jersey federal judge ruled in affirming rejection of the receiver and asbestos claimants’ bid to dismiss the case and dismissing their appeal....