The Justice Department’s U.S. Trustee Program (USTP) filed on Friday an objection to a debtor company’s proposed candidate for appointment as a Future Claimants’ Representative (FCR) in a bankruptcy case involving a trust to compensate those suffering from asbestos disease. An FCR is appointed by the court to protect the interests of those exposed to asbestos products manufactured or sold by a debtor, but who have not yet become sick. Current claimants are represented by attorneys who often control the asbestos trusts to the detriment of future asbestos victims.
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