Presperse Corp. is battling an objection by talc claimants suing the bankrupt cosmetics materials supplier over its request to hire Covington & Burling LLP to analyze its insurance policies.
The company needs Covington’s insurance expertise in light of ongoing mediation, Presperse said in a Thursday filing in the US Bankruptcy Court for the District of New Jersey.
A committee of talc claimants and a future claims representative on April 23 argued Covington’s work would be duplicative because another firm is already looking at the policies, and that it may reduce cash intended for a talc personal injury trust.
Presperse filed ...
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