SPHC Claims Deadline Applies To All Creditors, Judge Says

Law360, Wilmington (February 5, 2014, 10:55 PM EST) -- A Delaware bankruptcy judge ruled Wednesday that all Specialty Products Holding Corp. creditors must file proofs of claim by a set deadline, rejecting the argument that potential asbestos-related personal injury claimants should be exempted from a bar date.

At a hearing in Wilmington, U.S. Bankruptcy Judge Peter J. Walsh overruled objections to an all-encompassing bar date but gave no explanation for the reasoning behind his decision.

Opposition to the bar date was led by the representative for future asbestos claimants, whose counsel argued that the deadline...
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