Talc Supplier Tells 3rd Circuit No Cause Shown To Dismiss Chapter 11 Case

( December 19, 2024, 8:26 AM EST) -- PHILADELPHIA — A receiver appointed in South Carolina for defunct talc supplier Whittaker, Clark & Daniels Inc. (WCD) had no authority to place the company into bankruptcy in New Jersey because he never applied to be appointed as ancillary receiver, so the Chapter 11 petition approved by WCD’s board is valid and a New Jersey federal bankruptcy judge’s denial of the receiver’s bid to dismiss the case should stand, the debtor told the Third Circuit U.S. Court of Appeals on Dec. 18 in a consolidated appeal of the ruling....