Revlon, Talc Claimants Clash in Court on Missing Asbestos Trust

Cosmetics giant Revlon defended its decision to skip creating a trust specifically for future asbestos-related claims when it was in bankruptcy, while a group of people suing the company over allegedly contaminated talc products argued it hindered them from seeking relief.

Revlon knew it would face future asbestos claimants, but it didn’t invoke the trust provision in Section 524(g) of the US Bankruptcy Code to protect the due process rights of those individuals, the talc claimants’ attorney, David Frederick of Kellogg, Hansen, Todd, Figel & Frederick PLLC, said during oral arguments Wednesday before the US Court of Appeals for the ...