Cyprus Mines insurers urge judge to bring in new voice for future talc claimants reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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Tort Claimants Can t Alter Committee Makeup In Cyprus Ch. 11
Law360 (May 18, 2021, 4:08 PM EDT) A Delaware bankruptcy judge Tuesday denied a request by a group of talc personal injury claimants to change the makeup of the tort claimants committee in Cyprus Mines Corp. s Chapter 11, saying she did not see any conflicts of interest involving its current members.
While U.S. Bankruptcy Judge Laurie Selber Silverstein expressed concern that committee members may be delegating their responsibilities to their counsel, the fact that those attorneys also represent parties involved in the creation of a settlement with Cyprus parent Imerys Talc America does not in and of itself create a conflict of interest, she ruled.
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Cyprus Mines To Depose Candidates For Ch. 11 Claims Rep
Law360 (May 11, 2021, 7:36 PM EDT) Bankrupt talc miner Cyprus Mines will be able to depose two candidates proposed by the debtor s past insurers to represent the interests of future injury claimants after a Delaware judge approved a discovery timeline Monday related to competing motions to appoint such a representative.
Cyprus Mines Corp. and its former insurers have proposed separate candidates to fill the future claims representative position in the debtor s Chapter 11 case, and the discovery schedule approved by the court calls for any document production and depositions to be concluded by May 19, with a hearing on the competing motions set for June 2..
Legal Cyprus Mines OKâd to query insurer-backed candidates to rep future claimants
Maria Chutchian
3 minute read
Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly
Former talc miner Cyprus Mines Corp may depose two candidates proposed by insurers to represent the interests of people who may bring future talc-related claims in the companyâs bankruptcy, a judge overseeing the case ruled on Monday.
During a virtual status conference, U.S. Bankruptcy Judge Laurie Selber Silverstein in Wilmington, Delaware signed off on the request by Cyprus, which is being represented by Reed Smith, to conduct brief depositions of the two insurer-backed candidates for the role of future claims representative (FCR) in its Chapter 11 case. Her ruling comes a few weeks ahead of a June 2 hearing in which she ll be asked to choose between three people for the role.
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Judge Urged To Rework Talc Claim Panel In Cyprus Ch. 11
Law360 (April 5, 2021, 10:45 PM EDT) An attorney representing talc-related asbestos victims urged a Delaware bankruptcy judge Monday to modify a tort claimants committee in Cyprus Mines Corp. s Chapter 11, citing potential conflicts with the closely connected Imerys Talc America bankruptcy plan and settlement.
William D. Sullivan of Sullivan Hazeltine Allinson LLC, counsel for a group of asbestos personal injury plaintiffs alongside Kazan McClain Satterly & Greenwood, said the move was justified by overlaps among law firms representing Cyprus Mines TCC members and firms involved in the Imerys case.
Five firms representing members of Cyprus tort claimants committee were also members of an ad hoc Imerys committee that developed a compromise.