Ontario · Foreign recognition (CCAA)

Second Report of the Information Officer (KPMG)

Court officer report · 15 April 2021

AI summary

A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

What we verified from this filing3 verified

operational summaryThe Debtors' talc business was sold to Magris (closed February 17, 2021), with most management transitioning to Magris; the Debtors retained CohnReznick's Eric Danner as CRO to manage post-sale wind-down operations and administration while the Chapter 11 plan of reorganization (channeling talc injury claims to a trust) moves toward a confirmation hearing.
report date15 April 2021
report noSecond Report