( October 24, 2024, 8:18 AM EDT) -- PHILADELPHIA — The board of directors of defunct talc supplier Whittaker, Clark & Daniels Inc. (WCD) had no authority to place the company into bankruptcy because its court-appointed receiver has “exclusive authority to manage WCD’s affairs,” the receiver and a committee of asbestos claimants tell the Third Circuit U.S. Court of Appeals in a consolidated appeal of a New Jersey federal bankruptcy judge’s denial of the receiver’s bid to dismiss the company’s Chapter 11 case....