U.S. Trustee Opposes Imerys’ Settlement With Prepetition Law Firm

Mealey's (December 13, 2019, 8:26 AM EST) -- WILMINGTON, Del. — A proposed $500,000 settlement with a law firm to pay some of its fees for work done preparing Imerys Talc America Inc. to file a Chapter 11 petition should not be approved because the debtor failed to show that the deal is fair and reasonable, the U.S. Trustee’s Office says in a Dec. 10 objection in Delaware federal bankruptcy court (In re:  Imerys Talc America, Inc., et al., No. 19-10289, D. Del. Bkcy.)....