Vanderbilt Minerals LLC’s unsecured creditors demanded the industrial material miner’s bankruptcy be thrown out, alleging the company is trying to circumvent the US Supreme Court’s decision on Purdue Pharma LP’s litigation shields.
The company’s Chapter 11 aims to get around the high court’s 2024 ruling by reclassifying talc-related personal injury claims against non-bankrupt affiliates, an unsecured creditors’ committee said in a Tuesday motion in the US Bankruptcy Court for the Northern District of New York.
The company filed for bankruptcy in February looking to resolve talc liabilities and sell its assets.
As part of its bankruptcy, Vanderbilt Minerals is trying ...