Hilco Global Turnaround and Restructuring Practice Serves as Financial Advisor to Presperse Corporation in Successful 524(g) Talc Restructuring

NEW YORK, Oct. 1, 2025 /PRNewswire/ -- Getzler Henrich & Associates, the Hilco Global turnaround and restructuring practice, is proud to have been financial advisor to Presperse Corporation, a subsidiary of Sumitomo Corporation of Americas (SCOA), in its successful restructuring and the consensual resolution of current and future talc injury lawsuits, in what is believed to be the first confirmed talc 524(g) plan of reorganization.  Presperse's plan was confirmed by Judge Michael B. Kaplan of the U.S. Bankruptcy Court for the District of New Jersey and affirmed by Judge Robert Kirsch of the U.S. District Court for the District of New Jersey within a year after the petition was filed. The plan received unanimous support from the talc plaintiffs that voted on the plan.

During the course of the restructuring process Getzler Henrich worked closely with numerous professionals to achieve this successful outcome, including Presperse's advisors - Duane Morris LLP, Kroll, and Covington & Burling LLP; SCOA and its advisors - Lowenstein Sandler LLP, Skadden Arps, Slate, Meagher & Flom LLP and David Fish; and the creditor professionals - Robinson+Cole, FCR Heather Barlow, Young Conaway Stargatt & Taylor, LLP, and Ruggeri Parks Weinberg LLP.

Hilco Global professionals Mark Podgainy, Senior Managing Director, and Charvi Gupta, Senior Director, advised Presperse Corporation.

About Hilco Global: Hilco Global, a subsidiary of ORIX Corporation USA, is a diversified financial services company that delivers integrated professional services and capital solutions that help clients maximize value and drive performance across the retail, commercial and industrial, real estate, manufacturing, brand and intellectual property sectors, and more. Hilco Global provides a range of customized solutions to healthy, stressed, and distressed companies to resolve complex situations and enhance long-term enterprise value. Hilco Global works to deliver the best possible result by aligning interests with clients and providing strategic advice and, in many instances, the capital required to complete the deal. Hilco Global is based in Northbrook, Illinois and has more than 810 professionals operating on four continents. Visit www.hilcoglobal.com.

SOURCE Hilco Global