Asbestos Claimants, Insurers Say Reichhold’s Disclosure Statement Lacks Details

(November 16, 2015, 5:40 PM EST) -- WILMINGTON, Del. — The disclosure statement for the plan of liquidation of Chapter 11 debtor Reichhold Holdings US Inc. should not be approved because it does not contain adequate information for asbestos personal injury claimants to decide whether to accept or reject the plan, including information on how much insurance coverage is available for such claims, an asbestos claimants’ committee told the Delaware federal bankruptcy court on Oct. 13 (In re: Reichhold Holdings US, Inc., et al., No. 14-12237, D. Del. Bkcy.).

(Ad Hoc Committee of...
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