At Request Of 3rd Circuit, U.S. Trustee Outlines Standards For FCRs

Mealey's (November 16, 2021, 12:05 PM EST) -- PHILADELPHIA — The future claimants’ representative (FCR) in an asbestos bankruptcy case “should be held to the high standards that apply to a fiduciary representing an absent party,” as a Delaware federal bankruptcy court held in appointing an FCR for the Chapter 11 case of Imerys Talc America Inc., the U.S. trustee says in a Nov. 15 requested letter brief in insurers’ appeal of the FCR’s appointment in the Third Circuit U.S. Court of Appeals....