💥New Chapter 11 Bankruptcy - Presperse Corp.💥

Wholesale provider of ingredients to cosmetic industry files to address mass tort liability.

On September 9, 2024, Presperse Corp. (the “debtor”) filed a chapter 11 bankruptcy case in the District of New Jersey (Judge Kaplan), the latest entity to succumb to mass tort liability. The debtor is a wholesale provider of ingredients to the cosmetic industry. Plaintiffs allege it supplied talc containing asbestos, causing personal injury.  “Presperse…