Tupperware Forms Retiree Committee as It Plans to End Benefits

The Department of Justice’s bankruptcy monitor appointed an official committee of retired employees in Tupperware Brands Corp.’s bankruptcy, despite objections from a group of lenders.

The US Trustee appointed seven retirees to the new committee, according to a notice filed Wednesday in the US Bankruptcy Court for the District of Delaware. Judge Brendan Linehan Shannon approved the formation of the committee on March 7.

Tupperware requested the creation of the group after deciding it needed to terminate a retiree-specific plan offering health-related reimbursements to about 250 retired workers. The petition was to ensure “strict technical compliance” with bankruptcy law to ...