Bankruptcy Judge In Talc Case Sets ‘Undivided Loyalty’ As New Standard For FCR

Mealey's (May 10, 2019, 1:55 PM EDT) -- WILMINGTON, Del. — A Delaware federal bankruptcy judge on May 8 eschewed the long-used “disinterestedness” standard for naming a legal representative for future claimants in asbestos Chapter 11 cases before ruling that the candidate for future claimants’ representative (FCR) proposed by debtor talc supplier Imerys Talc America Inc. must provide additional disclosures before being appointed (In re:  Imerys Talc America, Inc., et al., No. 1:19-bk-10289, D. Del. Bkcy., 2019 Bankr. LEXIS 1452)....