Specialty Products Ch. 11 Must Have Asbestos Claims Deadline
By Matt Chiappardi
Law360, Wilmington (November 5, 2013, 8:13 PM ET) -- A Delaware bankruptcy judge said Tuesday there must be a deadline set for asbestos-related personal injury claimants to file proofs of claim in the Specialty Products Holding Corp. case, despite strenuous objections from representatives of those claimants who argued it could shut out thousands of potential claims.
An attorney for Eric D. Green, the representative for future asbestos claimants, argued at a hearing in Wilmington that a claims bar date would serve no purpose, since the vast majority of claims that emerge in asbestos-related cases wind...