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Cyprus Mines OK'd to query insurer-backed candidates to rep future claimants


Legal Cyprus Mines OK’d to query insurer-backed candidates to rep future claimants
Maria Chutchian
3 minute read
Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly
Former talc miner Cyprus Mines Corp may depose two candidates proposed by insurers to represent the interests of people who may bring future talc-related claims in the company’s bankruptcy, a judge overseeing the case ruled on Monday.
During a virtual status conference, U.S. Bankruptcy Judge Laurie Selber Silverstein in Wilmington, Delaware signed off on the request by Cyprus, which is being represented by Reed Smith, to conduct brief depositions of the two insurer-backed candidates for the role of future claims representative (FCR) in its Chapter 11 case. Her ruling comes a few weeks ahead of a June 2 hearing in which she ll be asked to choose between three people for the role. ....

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Cyprus Mines, insurers clash over who will represent future talc claimants


Maria Chutchian
4 minute read
A plaque is displayed at the entrance of the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermid
Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company s proposed candidate to represent future tort claimants.
Cyprus is asking U.S. Bankruptcy Judge Laurie Selber Silverstein in Delaware to approve Roger Frankel as the future claims representative (FCR) in its Chapter 11 case. A status conference on the matter is scheduled for Monday. ....

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