October 24, 2022
Texas environmental regulators have asked a federal judge to force a hand sanitizer distributor to come up with a different plan for getting rid of its tainted product, arguing that the current company in charge of the destruction is not completing the job safely and that the plan was not properly vetted before being approved.
September 15, 2022
Unsecured creditors of hand sanitizer distributor 4E Brands Northamerica LLC objected Thursday to the company's proposed Chapter 11 plan, telling a Texas bankruptcy court the plan would give up potentially valuable claims against the debtor's parent company without sufficient consideration in return.
June 01, 2022
The bankrupt Diocese of Camden received approval for its Chapter 11 plan disclosures with warnings from the court, Sidley Austin was found not to be conflicted when it represented the Boy Scouts of America, and Arizona law doomed a $16 million lien claim asserted by the Dutch government in the MD Helicopters bankruptcy. This is the week in bankruptcy.
May 10, 2022
A Texas bankruptcy judge Tuesday gave hand sanitizer distributor 4E Brands approval to accept $2.5 million in bankruptcy financing from its parent company to pay for the destruction of tainted products, saying an objecting creditor failed to make its case.
April 29, 2022
A creditor of a Mexican Kimberly-Clark subsidiary that shut down after distributing contaminated hand sanitizer is calling a $2.5 million Chapter 11 financing proposal from the subsidiary's parent company an attempt to dodge liability for the contamination.
February 23, 2022
A Mexican Kimberly-Clark subsidiary received interim approval Wednesday to tap into $2.5 million in bankruptcy financing a day after it was forced into Chapter 11 in Texas due to recalls of tainted hand sanitizer products.