Committee of Talc Claimants Opposes LTL’s Petition for Rehearing En Banc

  • Brief

PHILADELPHIA –– The Official Committee of Talc Claimants has opposed LTL Management LLC’s petition for rehearing and rehearing en banc has filed a petition for rehearing and rehearing en banc, arguing the 3rd Circuit U.S. Court of Appeals properly ruled that LTL failed to meet the “financial distress” requirement for bankruptcy.

In a March 6 brief, the Committee contends that the appellate panel’s “case-specific ruling faithfully applies unchallenged circuit precedent” and “breaks no new ground and creates no conflict with any other circuit.”

“LTL insists that the panel’s case-specific focus on the debtor’s finances, rather than its defunct corporate …


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