Law Firms, Clients Say Ben Nye Bar Date, Plan Confirmation Should Be Reversed

( December 3, 2024, 2:52 PM EST) -- SAN FRANCISCO — California federal bankruptcy court orders setting a bar date for asbestos personal injury claims and confirming the reorganization plan for Chapter 11 Subchapter V debtor cosmetics company Ben Nye Co. Inc. should be reversed because “they violate principles of statutory construction, Ninth Circuit precedent on when a bankruptcy ‘claim’ matures, and the Due Process Clause of the Fourteenth Amendment to the Constitution,” asbestos plaintiffs and law firms argue in their opening appeal brief to the Ninth Circuit U.S. Court of Appeals Bankruptcy Appellate Panel (BAP)....