Talc Claimant Committee Sends Letter to 3rd Circuit Notifying it of Supplemental Authority in LTL Appeal

PHILADELPHIA –– The Official Committee of Talc Claimants has sent a letter to the 3rd Circuit panel overseeing the appeal of an order dismissing LTL’s Chapter 11 bankruptcy apprising it of a recent decision which supports the position that the bankruptcy court had authority to allow the TCC’s continued existence to defend the dismissal order on appeal.

In a March 12 letter sent to the 3rd Circuit U.S. Court of Appeals, the Official Committee of Talc Claimants said that decision rejected a bankruptcy court ruling that “an equity security holders committee appointed under 11 U.S.C. § 1102(a)(1) ‘automatically dissolved’ upon …